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- https://biz.libretexts.org/Courses/Kansas_State_University/PFP_105%3A_Introduction_to_Personal_Financial_Planning/04%3A_Evaluating_Choices_-_Time_Risk_and_Value/4.01%3A_IntroductionAs much as analysis may tell us about the outcomes of past decisions, the past is “sunk”: it can be known but not decided upon. Decisions are made about the future, which cannot be known with certaint...As much as analysis may tell us about the outcomes of past decisions, the past is “sunk”: it can be known but not decided upon. Decisions are made about the future, which cannot be known with certainty, so evaluating alternatives for financial decisions always involves speculation on both the kind of result and the value of the result that will occur.
- https://biz.libretexts.org/Courses/Coastline_College/Personal_Finance_v2/04%3A_Time_Value_of_Money/4.01%3A_IntroductionNo matter how much we analyze the outcomes of past decisions, the past is sunk—it can be studied and understood, but it can’t be changed. When we evaluate our options, we’re forced to speculate—not ju...No matter how much we analyze the outcomes of past decisions, the past is sunk—it can be studied and understood, but it can’t be changed. When we evaluate our options, we’re forced to speculate—not just about what will happen, but also about the value of what happens. Understanding how time influences these decisions—and learning to measure its risks, opportunities, and costs—will help you make smarter financial choices in the future.
- https://biz.libretexts.org/Courses/Southwestern_Community_College/BUS-121%3A_Principles_of_Money_Management/01%3A_Personal_Financial_Planning/1.06%3A_IntroductionAs much as analysis may tell us about the outcomes of past decisions, the past is “sunk”: it can be known but not decided upon. Decisions are made about the future, which cannot be known with certaint...As much as analysis may tell us about the outcomes of past decisions, the past is “sunk”: it can be known but not decided upon. Decisions are made about the future, which cannot be known with certainty, so evaluating alternatives for financial decisions always involves speculation on both the kind of result and the value of the result that will occur.
- https://biz.libretexts.org/Courses/Prince_Georges_Community_College/BMT_1620%3A_FINANCIAL_PLANNING_AND_INVESTMENTS_(COOKS_2021)/04%3A_Evaluating_Choices_-_Time_Risk_and_Value/4.01%3A_IntroductionAs much as analysis may tell us about the outcomes of past decisions, the past is “sunk”: it can be known but not decided upon. Decisions are made about the future, which cannot be known with certaint...As much as analysis may tell us about the outcomes of past decisions, the past is “sunk”: it can be known but not decided upon. Decisions are made about the future, which cannot be known with certainty, so evaluating alternatives for financial decisions always involves speculation on both the kind of result and the value of the result that will occur.
