Sunk Cost Fallacy
Concept
A cognitive bias where people continue to invest in something purely because of past investments of time, energy, or resources, often leading them to stay in relationships they no longer desire.
Mentioned in 3 videos
Videos Mentioning Sunk Cost Fallacy
James Smith: Become Confident In 100 Minutes | E174
The Diary Of A CEO
A cognitive bias where people continue to invest in something purely because of past investments of time, energy, or resources, often leading them to stay in relationships they no longer desire.
Josh Waitzkin Returns Interview (Full Episode) | The Tim Ferriss Show (Podcast)
Tim Ferriss
A cognitive bias where people continue investing in a failing project because of resources already committed.
Josh Waitzkin Interview | Full Episode | Tim Ferriss Show (Podcast)
Tim Ferriss
A cognitive bias where individuals continue a behavior or endeavor as a result of previously invested resources (time, money, or effort), even if it's no longer rational.