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 ...

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 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 ...

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 ...

Sparing the thoughts on the combinations, the issue is with David Kampf, Ryan Reaves and the sunk cost fallacy approach to the lineup card. The sunk cost fallacy is the notion of sticking with the ...

Tim Maurer covers how personal finance is more personal than finance. Sunk cost, opportunity cost, and the endowment effect. You may expect these textbook-weight words to show up in the classroom.

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 ...

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 ...