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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 ...
As the situation becomes progressively more expensive, though, we become more susceptible to the sunk cost fallacy. How many times do you put money into car repairs to keep a 15-year-old car ...
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 ...
How do you use sunk cost fallacy? "Once an investment in money, effort, or time has been made in an endeavor, people have a greater tendency to continue it." This is known as the sunk cost fallacy, ...
The New York Jets being a bad football team is unfortunate. However, the more unfortunate thing seems to be that team owner Woody Johnson thinks the New York Jets are not a bad football team and ...