The Sunk Cost Fallacy - Deepstash
The Sunk Cost Fallacy

The Sunk Cost Fallacy

“Sunk costs” are money, time, or effort we’ve already spent and can’t get back.

Cultivate a habit of admitting your mistakes. Ask yourself: If the past didn’t exist and you’re just starting out now, what would you do?”

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A negative mind will never give you a positive mind.

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Diverse And Inclusive Workplaces

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Humans are especially susceptible to the “sunk cost fallacy”—a psychological effect where we feel compelled to continue doing something just because we’ve already put time and effort into it.

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The sunk cost fallacy keeps us invested in losing propositions:

  • Past investments are already gone and cannot be recovered
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The Sunk Cost Fallacy

We want to finish what we've started because of previously invested resources, even if it is better to quit and use our limited resources elsewhere for better returns.

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  • Every decision has two costs...

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