The sunk cost fallacy means that we are making irrational decisions because we are factoring in influences other than the current alternatives. This fallacy ...

In economics and business decision-making, a sunk cost (also known as retrospective cost) is a cost that has already been incurred and cannot be recovered. Bygones principle · Fallacy effect · Plan continuation bias

7 апр. 2023 г. · The sunk cost fallacy occurs when we feel that we have invested too much to quit. This psychological trap causes us to stick with a plan even if ...

Individuals commit the sunk cost fallacy when they continue a behavior or endeavor as a result of previously invested resources (time, money or effort) ...

2 июн. 2024 г. · The sunk cost fallacy is a psychological barrier that ties people to unsuccessful endeavors simply because they've committed resources to it.

the idea that a company or organization is more likely to continue with a project if they have already invested a lot of money, time, or effort in it, ...

7 февр. 2023 г. · The sunk cost fallacy is a cognitive bias that makes you feel as if you should continue pouring money, time, or effort into a situation ...

26 нояб. 2023 г. · The sunk cost fallacy – an inability to ignore costs that have already been spent and can't be recovered.

5 апр. 2024 г. · The sunk cost fallacy is driven by a desire not to see our prior investments or decisions go to waste, which effectively mismanages our mental account of cost ...