Top Posts Tagged with #sunkcostsfallacy

GLOSSARY sunk cost fallacy

wikipedia: http://en.wikipedia.org/wiki/Sunk_costs

Rather than consider the odds that an incremental investment would produce a positive return, people tend to "throw good money after bad" and continue investing in projects with poor prospects that have already consumed significant resources. In part this is to avoid feelings of regret

#sunkcosts #sunkcostsfallacy #part3 #overconfidence

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