Sunk Cost Fallacy Meaning Feb 27 2025 nbsp 0183 32 The sunk cost fallacy is the mindset of continuing with a decision just because of past investments even when logic would say otherwise It is a flawed process of thinking
Apr 1 2025 nbsp 0183 32 Sunk cost fallacy is a cognitive bias that can lead to irrational decision making Learn more about sunk cost fallacy and how it can show up in your life The sunk cost fallacy has also been called the quot Concorde fallacy quot the British and French governments took their past expenses on the costly supersonic jet as a rationale for continuing
Sunk Cost Fallacy Meaning
Sunk Cost Fallacy Meaning
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Sunk Cost Fallacy Definition And Examples EnglishLessonsOnline
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21 Sunk Costs Examples The Fallacy Explained 2024
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The sunk cost fallacy means that we are making irrational decisions because we are factoring in influences other than the current alternatives This fallacy affects many different areas of our SUNK COST FALLACY definition the idea that a company or organization is more likely to continue with a project if they have Learn more
Mar 20 2023 nbsp 0183 32 The sunk cost fallacy refers to an individual s or organization s tendency to continue investing in a project or decision even when it is no longer profitable because they Oct 3 2023 nbsp 0183 32 The Sunk Cost Dilemma is a formal economic term that describes the emotional difficulty of deciding whether to proceed with or abandon a project when time and money have
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Apr 2 2025 nbsp 0183 32 The sunk cost fallacy is the tendency to persist in an endeavor once an investment in money time or effort has been made regardless of future costs This fallacy often leads to Jul 29 2021 nbsp 0183 32 The sunk cost fallacy explains the tendency to follow through on something if one has already invested money time or effort into it regardless of whether the current costs
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