prions_for_pets
joined 1 day ago
The Sunk Cost Fallacy: How It Affects Your Life Decisions
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 since you’ve already “sunk” so much into it already. This perceived sunk cost makes it difficult to walk away from the situation since you don’t want to see your resources wasted.
