Loss aversion was a cognitive bias identified by influential psychologists Daniel Kahneman and Amos Tversky in the 1970s. It often goes hand-in-hand with the endowment effect, where individuals place ...

The sunk cost fallacy is our tendency to continue with something we’ve invested money, effort, or time into—even if the current costs outweigh the benefits. When we fall prey to the sunk cost fallacy, ...

Sunk cost trap refers to a tendency for people to irrationally follow through on an activity that is not meeting their expectations.

I did have the agency, and my continued giving was not just a result of a sunk-cost fallacy. Being part of Spectator has taught me a lot—about myself, about navigating relationships with others, about ...

The sunk cost fallacy is when you throw resources into a losing venture because you've already spent time or money.

Viva lost wages. When I first tried independent living, having been cushioned from reality by a dad who worked so hard he literally flattened his posterior ― ergonomics was a class he didn ...

The sunk cost fallacy is the notion of sticking with the strategy/player invested in because they’ve already committed financially through time or other means.

A major way that the sunk cost fallacy hurts finances is by causing investors to stay committed to a misguided investment for too long or even allocate more to chase losses.

A sunk cost fallacy then occurs if you lean into the sunk cost by putting more resources toward it, even though that doesn't recoup what's already lost. So if you keep watching that TV show and ...

Sunk Costs and Exploding Offers with Saul Levmore Monday, September 23rd, 2024 4:30 PM - 5:30 PM Add to Calendar: Event Description People tend to misunderstand the “sunk cost fallacy.” A firm invests ...