What Is the Sunk Cost Fallacy? | Definition & Examples - Scribbr
2023年4月7日 · The sunk cost fallacy affects us most when we feel responsible for a decision and the sunk costs that accompany it. This creates an emotional bias causing us to cling to the project, decision, or course of action for which we feel personally responsible.
The Sunk Cost Fallacy: How It Affects Your Life Decisions
2023年2月7日 · Sunk cost fallacy is a cognitive bias that can lead to irrational decision-making. Learn more about sunk cost fallacy and how it can show up in your life.
What Is a Sunk Cost—and the Sunk Cost Fallacy? - Investopedia
2024年6月2日 · The sunk cost fallacy is a psychological barrier that ties people to unsuccessful endeavors simply because they've committed resources to it. Examples of sunk...
Sunk Cost Fallacy: Why We Can’t Let Go - PositivePsychology.com
2024年4月5日 · This article helps us understand the nature of the sunk cost fallacy and how we can help ourselves and our clients quit a lost cause.
What is the ‘sunk cost fallacy’? Is it ever a good thing?
2023年11月27日 · Economists and social scientists argue that such behaviour can happen due to the “sunk cost fallacy” – an inability to ignore costs that have already been spent and can’t be recovered.
Sunk Cost Fallacy: Definition and Examples - Grammarly
2022年8月25日 · The sunk cost fallacy is a logical fallacy that entails sticking with a losing or failed venture because you’ve already invested a significant amount of time, money, or other resources that you can’t get back.
The Sunk Cost Fallacy - The Decision Lab
What is the sunk cost fallacy? The sunk cost fallacy is our tendency to follow through with something that we’ve already invested heavily in (be it time, money, effort, or emotional energy), even when giving up is clearly a better idea.
Sunk cost fallacy - BehavioralEconomics.com | The BE Hub
Sunk cost fallacy. Individuals commit the sunk cost fallacy when they continue a behavior or endeavor as a result of previously invested resources (time, money or effort) (Arkes & Blumer, 1985). This fallacy, which is related to loss aversion and status quo bias, can also be viewed as bias resulting from an ongoing commitment.
Sunk Cost Trap: What it is, How it Works, How to Avoid it - Investopedia
2022年9月18日 · The sunk cost trap is also called the Concorde fallacy after the failed supersonic Concorde jet program that funding governments insisted on completing despite the jet’s poor outlook.
What Is Sunk Cost Fallacy? - Built In
2023年11月27日 · The sunk cost fallacy is a phenomenon that occurs when someone chooses not to switch from a strategy or behavior that has been heavily invested in, even when it would be more beneficial to do so.
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