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The money is spent, and logically has no relevance to the decision, but this phenomenon of behavioral economics persists even when this is pointed out. Aren't most of us going to feel worse throwing away a ticket we paid for? air Jordan shoes
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The applications are obvious, if you look. Perhaps, for example, rather than giving away tickets to "get rich" seminars, the organisers would get better attendance by selling their "$100" tickets for $3. Just having paid something makes people more likely to attend.