'Closure for next of kin': Malaysia extends MH370 search by one more year
timesofindia.indiatimes.com
Malaysia just extended the MH370 search by one more year — why does a decade-old disappearance still resist every answer the ocean floor can offer?
Sunk Cost FallacyInformation AsymmetryAmbiguity AversionPrincipal-Agent Problem
Theory Briefing
- Malaysia renewed its contract with deep-sea firm Ocean Infinity for another year, keeping the MH370 hunt officially alive.
- Officials cited 'closure for next of kin' as the driving reason — grief, not new evidence, is sustaining the search.
- MH370 vanished over a decade ago with 239 people aboard, and no confirmed wreckage has ever been found in the search zone.
- The no-find, no-fee structure of Ocean Infinity's deal means Malaysia only pays if the plane is actually located.