Simon on Nostr: The sunk cost fallacy occurs when someone continues to invest in a decision or ...
The sunk cost fallacy occurs when someone continues to invest in a decision or project due to the resources already spent, rather than evaluating its future potential. This can lead to poor decisions and ignoring more profitable alternatives. It's crucial to recognize this fallacy and make choices based on future benefits, not past investments.
Published at
2024-07-18 19:50:31Event JSON
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