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The Sunk Cost Fallacy
Posted on 11/21/24 at 7:21 pm
Posted on 11/21/24 at 7:21 pm
quote:
the phenomenon whereby a person is reluctant to abandon a strategy or course of action because they have invested heavily in it, even when it is clear that abandonment would be more beneficial.
2
Posted on 11/21/24 at 7:21 pm to aspiclark
Michigan in < 2years
Posted on 11/21/24 at 7:22 pm to aspiclark
You forgot the part where you can't afford to part ways
Posted on 11/21/24 at 7:24 pm to UltimaParadox
A fair point.
I suppose if one is unable to afford the what should we call it...buyout? Let's go with that, it would be a limiting factor in the math here.
I suppose if one is unable to afford the what should we call it...buyout? Let's go with that, it would be a limiting factor in the math here.
This post was edited on 11/21/24 at 7:24 pm
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