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The sunk cost fallacy in the implementation of virtual medical education

https://doi.org/10.46594/2687-0037_2021_1_1285

Abstract

Administrative decisions in the medical education are subject to the general theory of management, one of the key concepts of which is «sunk cost» – financial investment, time or other resource input that cannot be returned in the future. In medical education, these include investments in the construction, reorganization and reconstruction of buildings and premises, installations and upgrade of technologies, equipment and software, research and development, training and retraining of pedagogical personnel. One should avoid the sunk cost fallacy by not taking into consideration such non-returnable investment, when making a managerial decision on the implementation of virtual technologies into medical education.

About the Author

M. Gorshkov
Russian Society for Simulation Education in Medicine (ROSOMED); European Institute for Simulation in Medicine (EuroMedSim)
Germany

Moscow

Stuttgart



References

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Review

For citations:


Gorshkov M. The sunk cost fallacy in the implementation of virtual medical education. Virtual Technologies in Medicine. 2021;(1):22-25. (In Russ.) https://doi.org/10.46594/2687-0037_2021_1_1285

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ISSN 2686-7958 (Print)
ISSN 2687-0037 (Online)