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

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

Wetland restoration is seen as sunk cost – but new research shows why it should be considered an investment Traditional cost-benefit analyses treat wetland restoration as a one-off expense with ...

Traditional cost-benefit analyses treat wetland restoration as a one-off expense with fixed returns. New research shows this misses long-term climate and biodiversity benefits.

Traditional cost-benefit analyses treat wetland restoration as a one-off expense with fixed returns. New research shows this misses long-term climate and biodiversity benefits.

Timing matters for wetland investment Traditional cost-benefit analyses treat wetland restoration as a one-off expense with fixed returns. Our research shows this misses the bigger, long-term picture.

In a recent article on the failed California Bullet Train project, I noted that its promoters are depending heavily upon bureaucratic inertia to keep construction going even after cost overruns have ...

Sometimes the sunk cost fallacy shows up in more complex ways that affect your long-term finances and life satisfaction, like with your career choices.

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.

Unrecoverable expenses, sometimes referred to as sunk costs, are monies spent on a commodity or service that cannot be refunded or resold. Because the fear of losing money due to unrecoverable ...

The sunk cost theory suggests that, in the above example, the project should be terminated, instead of the company investing more time and money into it. How are sunk costs resolved? Businesses should ...

Politicians struggle with “sunk cost fallacy,” as Republicans regret Trump’s VP pick and Biden exits race. The political sunk cost fallacy has haunted politicians in both parties for decades.