Sales is all about the art of closing the deal. Behind the curtain, that means a lot of patience, persuasion and persistence.

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.

Sunk costs can affect high-stakes decisions While the examples above may seem relatively trivial, they show how common the sunk cost fallacy is. And it can affect decisions with much higher stakes in ...

There is nothing so useless as doing efficiently that which should not be done at all.” —Peter Drucker, “The Effective ...

According to Indeed , a sunk cost can also be called a past cost, whether it paid off or not. For example, the marketing campaign guideline or the money you paid to change computers.

In a 2021 article in the National Review, writer Sean-Michael Pigeon gives numerous examples to support his belief that the sunk cost fallacy exacerbates government deficits.

Sunk Cost Dilemma The best way to illustrate this concept is with an example that has played out many times over the past several years. You're a homebuilder during the bubble and you've started ...

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.

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.