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Sep 10, 2024
8:28:18am
Accipiter All-American
Yup. This is the "sunk cost" fallacy... it's the result of a very common bias.

The Decision Lab

The Sunk Cost Fallacy - The Decision Lab

The Sunk Cost Fallacy describes our tendency to follow through on an endeavor if we have already invested time, effort, or money into it, whether or not the current costs outweigh the benefits.

https://thedecisionlab.com/biases/the-sunk-cost-fallacy

I'm not saying it's an easy decision to admit a wrong choice and make a change, it's just common to see bias make people hold on to their bad decisions. It happens all the time.

 

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Accipiter
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Accipiter
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Jun 30, 2010
Last login
Sep 16, 2024
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10,243 (1,105 FO)
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