Sunk Cost Fallacy
Are you trapped by past choices without even knowing it?
4.7 (13)
28 mins
Explore how the sunk cost fallacy trap individuals in unwise decisions. Discover practical strategies to detach from sunk costs, break free from commitment bias, and make clear, rational choices that serve your goals.
Ep 1:
The Beast Revealed: Meet the Sunk Cost Fallacy
What is the sunk cost fallacy, and why does it snowball like a runaway ball, blinding us to obvious danger signs like an invisible gorilla in the room?
Ep 2:
When Nations Chase Losses: Concorde, Stocks, and Illusions
From supersonic jets to stock portfolios, discover how past investments trick nations and investors into doubling down on doomed decisions they can't unsee.
Discussions (12)
Dexter
Level 10 · 7 mo agoRight? The Concorde example is spot on. It is exactly how the government operates. They waste billions on failed projects to save face while schools are underfunded. It is criminal negligence.
Raymond
Level 6 · 7 mo agoStory of my portfolio. LOL
Asher
Level 8 · 7 mo agoThat Katamari analogy is spot on. It's exactly like when a shooter keeps chucking bricks because he feels like he invested in the first five misses. You just dig the hole deeper instead of passing.
