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submitted 3 weeks ago by prions_for_pets@lemmy.world to c/comicstrips@lemmy.world

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The Sunk Cost Fallacy: How It Affects Your Life Decisions

The sunk cost fallacy is a cognitive bias that makes you feel as if you should continue pouring money, time, or effort into a situation since you’ve already “sunk” so much into it already. This perceived sunk cost makes it difficult to walk away from the situation since you don’t want to see your resources wasted.

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[-] Paradachshund@lemmy.today 2 points 3 weeks ago

I remember seeing this before and someone shopped the bone just a little ahead of him. 😆

[-] ZoopZeZoop@lemmy.world 2 points 3 weeks ago

I think I saw that on Reddit before the schism.

this post was submitted on 26 Nov 2024

429 points (98.6% liked)

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