Sunk cost fallacy involves continuing investments due to past costs, not future benefits. Recognize irrational holding by setting pre-determined exit points for investments. Regularly review ...

two of the most common are confirmation bias and the sunk cost fallacy. Confirmation bias is when you give more weight to data that confirms what you already believe while giving less to info that ...

As the situation becomes progressively more expensive, though, we become more susceptible to the sunk cost fallacy ... being aware of your potential for bias in this area is a good first step.

Every day, you make hundreds of decisions—some big, like choosing a career path, others as small as picking what to eat for lunch. You might think you're calling the shots logically, carefully ...

Other common biases include the hindsight bias, the negativity bias, the sunk cost fallacy, the decline bias, the backfire effect, the fundamental attribution error, the in-group bias, and the ...

The Falcons made a mistake, the returns were not what they saw coming, and their only option now is to avoid the sunk-cost fallacy that many teams enter into when it comes to overpriced ...

fallacy—yet acting inhuman in others (e.g., not suffering from base-rate neglect or sunk cost fallacies). Published in the Manufacturing & Service Operations Management journal, the study ...

The Sunk Cost Fallacy describes our proclivity to complete a task after investing time, effort, or money in it, regardless of whether the current costs outweigh the benefits. Is sunk cost a bias? The ...

Other common biases include the hindsight bias, the negativity bias, the sunk cost fallacy, the decline bias, the backfire effect, the fundamental attribution error, the in-group bias, and the ...