This is called the sunk-cost fallacy – an attachment to an item because of what we spent in the past, even if we now hate the ...

This phenomenon is known as the sunk cost fallacy, and if you're not careful, it can keep you from reaching your financial goals. In economics, a sunk cost is an expense that has already been ...

Could the sunk cost fallacy be keeping you in a job that’s no longer working for you? Here’s how to navigate this tricky but common situation. PSA: it’s completely normal to change your mind ...

One such reason that influences the fate of our relationships is the sunk-cost fallacy. It refers to a commitment bias wherein individuals continue investing in something even if the outcome doesn ...

This commitment to a failing venture is a textbook example of the sunk cost fallacy: the tendency to continue a project or stick with a decision based on past investments, rather than evaluating ...