Uploaded March 2024 | Updated September 2026, 1 week ago

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*sunk-cost fallacy*
_noun_
the phenomenon whereby a person is _reluctant_ to _abandon_ a strategy or course of action because they have invested heavily in it, even when it is clear that _abandonment_ would be more beneficial.
"the sunk-cost fallacy creeps into a lot of major financial decisions"


(3 hours wasted).


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