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Sunk Cost Fallacy

ConceptMentioned in 1 video

A psychological bias where individuals continue a behavior or endeavor as a result of previously invested resources (time, money, or effort), even when it's no longer rational.

Videos Mentioning Sunk Cost Fallacy

Geo-Strategy #8: The Iran Trap

Geo-Strategy #8: The Iran Trap

Predictive History

A psychological bias where individuals continue a behavior or endeavor as a result of previously invested resources (time, money, or effort), even when it's no longer rational.