I am well-qualified to show the BBC and production company Bad Wolf the way forward – because I am not a Doctor Who fan. I will not stick it out through thick and thin, I won’t get excited by the ...

In instances where sunk costs continue to influence either personal or business decisions (or both), investors may be falling prey to the "sunk cost fallacy," a psychological phenomenon that ties ...

A sunk cost fallacy then occurs if you lean into the sunk cost by putting more resources toward it, even though that doesn't recoup what's already lost. So if you keep watching that TV show and ...

A sunk cost fallacy then occurs if you lean into the sunk cost by putting more resources toward it, even though that doesn't recoup what's already lost. So if you keep watching that TV show and ...

The sunk cost fallacy often muddies this inflection point—a psychological trap that tempts owners to chase poor investments or decisions, sometimes at the expense of more promising opportunities.

The term sunk cost fallacy was coined in 1980 by Richard Thaler, who received a Nobel Prize in 2017 for his pioneering work in behavioral economics. It describes how cognitive biases can lead ...

The views expressed by contributors are their own and not the view of The Hill Biden and his backers are falling for the sunk cost fallacy by Chitra Ragavan, opinion contributor - 07/08/24 12:00 PM ET ...

The sunk cost fallacy, or sunk cost effect, occurs when you choose to do something just because you have invested our resources in it in the past. Instead of focusing on the present or future costs ...

Some traders fall into the sunk cost fallacy by engaging in revenge trading. Traders in this state of mind may allocate an additional $200 into a trading strategy after losing $100.

The sunk-cost fallacy shows up when people make the following kind of argument. “Since we’ve already got those useless bridges, we must continue. Otherwise, they will remain useless.” ...