The sunk cost fallacy is a cognitive bias in which people persist with a decision that is no longer optimal because of previous resources they have invested (now considered to be spent or “sunk”). Most of us will have heard sunk costs reflected in the saying “throwing good money after bad”, but sunk costs can, in theory, occur more broadly, whether for money, time or any other resource-limited investment. The sunk cost effect for money has been widely studied and appears robust; in contrast, the sunk cost effect for time is more uncertain, and is potentially moderated by the age of respondents (and likely resource availability), the fact that time is irreplaceable, and the tendency for people to account for time less easily than they do for money. In an impactful study, Soman (2001) found that the sunk cost effect for time was indeed weaker than for money, although this finding has not been widely replicated.

 

In the current study, Petrov et al. (2023) propose a replication of three studies from Soman (2001), asking whether sunk costs are weaker for time than for money, and then testing whether the relative absence of a sunk time cost arises from the inability of participants to account for time or due to more rational beliefs in the evaluation of past time investments.

 

The Stage 1 manuscript was evaluated over two rounds of in-depth review. Based on detailed responses to the reviewers' comments, the recommender judged that the manuscript met the Stage 1 criteria and therefore awarded in-principle acceptance (IPA).
 
URL to the preregistered Stage 1 protocol: https://osf.io/65htv

 

Level of bias control achieved: Level 6. No part of the data or evidence that will be used to answer the research question yet exists and no part will be generated until after IPA. 
 
List of eligible PCI RR-friendly journals:

 

 

1. Soman, D. (2001). The mental accounting of sunk time costs: Why time is not like money. Journal of Behavioral Decision Making,14, 169-185. https://doi.org/10.1002/bdm.370

 

2. Petrov, N. B., Chan, Y. K., Lau, C. N., Kwok, T. H., Chow, L. C., Lo, W. Y. V, Song W., & Feldman, G. (2023). Sunk cost effects for time versus money: Replication of Soman (2001) [Registered Report Stage 1], in principle acceptance of Version 3 by Peer Community in Registered Reports. https://osf.io/u34zb

Attachment and interpersonal relationships are a major subject of research and clinical work in psychology. There are, accordingly, a proliferation of measurement instruments to tap into these broad constructs. The emphasis in these measures tends to be on the emotional dimensions of the relationships—how people feel about their partners and the support that they receive. However, that is not all there is to relationship quality. Increasing attention has been paid to the physical and physiological aspects of relationships, but there are few psychometrically sound measures available to assess these dimensions.

 

In the current study, Dujols et al. (2023) seek to assess the psychometric properties of the Social Thermoregulation and Risk Avoidance Questionnaire (STRAQ-1), a measure of physical relationships that targets social thermoregulation, or how physical proximity is used to promote warmth and closeness. The proposed project will be a thorough assessment of the measure’s reliability over time—that is, the degree to which the measure assesses the construct similarly across administrations. The authors will assess the test-retest reliability and longitudinal measurement invariance of the STRAQ-1, providing much-needed psychometric data that can build confidence in the utility of the measure.

 

The Stage 1 manuscript was evaluated over two rounds of in-depth review, the first round consisting of detailed comments from two reviewers and the second round consisting of a close read by the recommender. Based on detailed responses to the reviewers' comments, the recommender judged that the manuscript met the Stage 1 criteria and was therefore awarded in-principle acceptance (IPA).

 

URL to the preregistered Stage 1 protocol: https://osf.io/pmnk2
 
Level of bias control achieved: Level 3. At least some data/evidence that will be used to the answer the research question has been previously accessed by the authors (e.g. downloaded or otherwise received), but the authors certify that they have not yet observed ANY part of the data/evidence
 
List of eligible PCI RR-friendly journals:
 

 

1. Dujols, O., Klein, R. A., Lindenberg, S., Van Lissa, C. J., & IJzerman, H. (2023). Test-Retest Reliability of the STRAQ-1: A Registered Report. In principle acceptance of Version 2 by Peer Community in Registered Reports. https://osf.io/pmnk2

Among primates, the human female life cycle appears special. Aspects of these life cycles have been linked to the acquisition and distribution of resources and to environmental factors, as well as to individual differences across human females. Many questions remain regarding the causal roles that these (or also other) factors might have played in the evolution of human female life cycles – and also whether generalizing statements about these life cycles can adequately capture the wide range of the observed phenomena.

 

In the current study, Varas Enriquez et al. (2024) outline a plan for an agent-based model approach to study the factors that guide and channel variability in female life cycles in humans (within biological constraints), via the effects that their model will capture. The authors’ model has a particular eye towards the effects of resource dynamics (resource production and resource transfers) and environmental conditions – and their interplay. The results of this agent based model will be thoroughly analysed to better understand the evolution of the specific female human life cycle range.

 

The study plan was refined after one round of review, which led to input from two external reviewers and the recommender. The revised (second) version was judged to satisfy the Stage 1 criteria for in-principle acceptance.

 

URL to the preregistered Stage 1 protocol: https://osf.io/24c7z
 
Level of bias control achieved: Level 2. At least some data/evidence that will be used to answer the research question has been accessed and partially observed by the authors, but the authors certify that they have not yet observed the key variables within the data that will be used to answer the research question AND they have taken additional steps to maximise bias control and rigour (e.g. conservative statistical threshold; recruitment of a blinded analyst; robustness testing, multiverse/specification analysis, or other approach)
 
List of eligible PCI RR-friendly journals:

 

 

 

Varas Enríquez, P. J., Lukas, D., Colleran, H, Mulder, M. B., & Redhead, D. (2024) The role of resource dynamics in the distribution of life cycles within a female human population. In principle acceptance of Version 2 by Peer Community in Registered Reports. https://osf.io/24c7z

This Stage 1 registered report by Szecsi et al. (2024) seeks to clarify whether individuals' economic conditions moderate how scarcity cues affect their attentional performance. This idea has been previously explored: Here, the authors aim to clarify understanding of the how scarcity cues affect cognition by studying a large and diverse Hungarian sample with improved experimental methods.

 

Specifically, while it has been previously reported that financially less well-off individuals' are differentially affected by finance-related stimuli (e.g. Shah et al., 2018), Szecsi et al. (2024) argue that prior studies have used small samples with insufficient consideration of potentially important demographic variables. Therefore, the generalizability of prior studies might be lacking.

 

Second, Szecsi et al. (2024) aim to conduct a more realistic experiment by asking participants to free-associate in response to financial scarcity-related cues, whereas prior studies have often focused on simply querying for rating responses, which might not sufficiently engage the related cognitive mechanisms that could be most affected.

 

In the proposed study, then, the authors will rigorously test whether financially less well-off individuals have lower attentional performance while experiencing scarcity-related cues than individuals who are financially better off, and that attentional performance does not differ while experiencing non-scarcity related cues. Ultimately, Szecsi et al. propose to shed light on theories of scarcity-related cognition that posit overall decrements in attentional performance irrespective of individuals' financial status.

 

The Stage 1 manuscript was initially reviewed by two experts in the area, who both recommended several improvements to the study. The authors then thoroughly revised their write-up and protocol, and the two reviewers were satisfied with the substance of these revisions. Based on these evaluations, the recommender judged that the Stage 1 criteria were met and awarded in-principle acceptance. There were remaining editorial clarifications and suggestions which the authors can incorporate in their eventual Stage 2 report.

 

URL to the preregistered Stage 1 protocol: https://osf.io/3zdyb
 
Level of bias control achieved: Level 6. No part of the data or evidence that will be used to answer the research question yet exists and no part will be generated until after IPA.
 
List of eligible PCI RR-friendly journals:
 

• Advances in Cognitive Psychology
• Collabra: Psychology
• Experimental Psychology
• Journal of Cognition
• Peer Community Journal
• PeerJ
• Psychology of Consciousness: Theory, Research, and Practice
• Royal Society Open Science
• Studia Psychologica
• Swiss Psychology Open

 

 

1. Shah, A. K., Zhao, J., Mullainathan, S., & Shafir, E. (2018). Money in the mental lives of the poor. Social Cognition, 36, 4-19. https://doi.org/10.1521/soco.2018.36.1.4

 

2. Szecsi, P., Bognar, M., & Szaszi, B., (2024). Do Scarcity-Related Cues Affect the Sustained Attentional Performance of the Poor and the Rich Differently? In principle acceptance of Version 2 by Peer Community in Registered Reports. https://osf.io/3zdyb

Many products that can impact upon health and wellbeing (e.g., alcohol, food) relay information to consumers about the potential risks. However, such information is commonly provided in suboptimal format for gambling-related products. To encourage safer gambling, research has therefore recommended that information about the average loss from a gambling product (“house edge”) or percentage payout (“return-to-player”) should be communicated, with the former translating to better perceived understanding by gamblers. This Registered Report aimed to experimentally compare two phrasings of the house edge against a control return-to-player to arrive at the most effective phrasing to aid gambler’s perceived chances of winning and their factual understanding of the statistical outcomes of their bet. Using a hypothetical gambling scenario, a sample of 3,333 UK-based online gamblers received one of three phrasings: an original house-edge (“his game keeps 10% of all money bet on average”), an alternative house-edge (“on average this game is programmed to cost you 10% of your stake on each bet”) or return-to-player (“this game has an average percentage payout of 90%”). Two outcome measures were employed to judge the effectiveness of this information: gamblers’ perceived changes of winning and factual understanding. The findings indicate that the two-house edge formats were more effective in communicating gambling-related harms than the return-to-player format, but the original house edge phrasing appeared to be the most optimal as it decreased gambler’s perceived chances of winning and increased their factual understanding compared to return-to-player. These results can therefore inform public health policies to reduce gambling-related harm by presenting the most effective communication of gambling risk.

 

After two in-depth reviews, the recommender judged that the manuscript met the Stage 2 criteria and awarded a positive recommendation.

 

URL to the preregistered Stage 1 protocol: https://osf.io/5npy9
 
Level of bias control achieved: Level 6. No part of the data or evidence that was used to answer the research question was generated until after IPA. 
 
List of eligible PCI RR-friendly journals:
 

References
  
1. Newall, P. W. S., James, R. J. E. & Maynard, O. M. (2023). How does the phrasing of house edge information affect gamblers’ perceptions and level of understanding? A Registered Report. Acceptance of Version 2 by Peer Community in Registered Reports. https://doi.org/10.31234/osf.io/pfnzd