He advises boards to be wary of the sunk cost fallacy where continued expenditure is justified by past investment in the project. This is also known as throwing good money after bad.

If so, you've directly experienced the power of switching costs. These costs can lock you into using a particular company's offerings, even if better alternatives exist. Image source: Getty Images.

St. Petersburg City Council members will be asked Thursday to approve a roughly $55,000 cost-adjustment for the field’s roof demolition services. The change order form from Global Rope Access, a ...

The cost of college tuition has also risen significantly since the 1970s. Baby boomers paid an inflation-adjusted average of $3,519 for tuition at a public college, compared to $9,750 in 2023 ...

Buying put options is a safer alternative to shorting, limiting loss to the option's cost. Investor Alert: Our 10 best stocks to buy right now › ...

The cost of a fuel tank replacement can range anywhere from $700 and $2,500, on average.” — Sean Kim, mechanic To illustrate, the fuel tank for a Kia Optima (just parts, not labor) is around ...

Every cartoon from The New Yorker.“As New Yorkers cast their ballots today, the current leader in the polls is a four-billion-B.T.U. air-conditioner.” ...