The Sunk Cost Fallacy: Letting Go to Move Forward
Автор: Lessons Learned
Загружено: 2025-08-20
Просмотров: 38
Описание: Explains the sunk cost fallacy, a common cognitive bias where past investments influence future decisions, even when it's illogical. It highlights how individuals, like 'Mark' with his problematic car, often continue to pour resources into failing ventures due to a reluctance to admit previous efforts were wasted. The explanation covers the emotional reasons behind this trap, such as loss aversion and the desire for consistency, and offers strategies for overcoming it, including focusing on future benefits, seeking external advice, and setting clear exit points. Ultimately, the text advocates for prioritising future well-being over unrecoverable past expenses in various aspects of life, from finances and careers to relationships.
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