The sunk cost fallacy is closely linked with the behavioral finance concept of "commitment bias," in which an investor will continue to pursue a course of action based on past decisions despite ...

In science, it is customary for researchers to disclose any potential bias, as part of the process of publishing work. While this is often considered in the realm of financial biases, I have ...

The sunk-cost fallacy impacts our lives each day. Understanding it can empower us to make better decisions. SUBSCRIBE NOW 3 months just 99￠/month Show Search. Clear Search Query Submit Search.

Every day, you make hundreds of decisions—some big, like choosing a career path, others as small as picking what to eat for ...

How the Sunk Cost Fallacy can sink your poker game. Published: Dec. 11, 2013, 1:00 p.m. Dec. 11, 2013, 1:00 p.m.

How to Avoid the Sunk Cost Dilemma: Escape the Past to Secure Your Future Overcome this bias to make better business decisions. EXPERT OPINION BY ITAY SAGIE , CEO, ITAY SAGIE STRATEGIC ADVISORY LTD.

Coined in 1980 by economist Richard Thaler, the sunk-cost fallacy describes a cognitive bias that leads people to double down on failed strategies in which they have invested time, ...

Anyone who’s taken an introductory economics class will know there’s a name for this phenomenon: the sunk cost fallacy. The idea of a sunk cost cognitive bias in humans is old news, but the ...

The sunk cost bias echoes the sunk cost fallacy, where we continue with a behavior or investment because it is something we have long done. As a result of my bias, ...