Sunk costs

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Sunk cost fallacy, also known as Concorde fallacy, is an emotional situation where the individuals take sunk costs into consideration while making...

Discover how the sunk cost delusion can impact your relationships and learn strategies to overcome this cognitive bias for healthier ...

Photo about SC - Sunk Cost acronym, business concept background. Image of properties, cost, business - 237406534

Have you ever ordered something at a restaurant, ate a small portion of it, and became satiated, but insisted on eating more or finishing the plate? Did consuming more make you feel worse?

If you were to ask ten people where they believed would be the best place to invites money you will find that an overwhelming majority of them would tell you to invest that cash in brick and mortar. These people telling you that real estate is the best way to go and that is based […]The post Proven Ways to Make Money in Real Estate first appeared on Urban Splatter.

How to best respond to the interview question: Give to examples in your previous experience that demonstrate your willingness to work hard.

The Sunk Cost Fallacy is when someone continues doing something because of the effort they already put into it, regardless of whether the additional costs outweigh the potential benefits. It is the psychological mechanism which perpetuates the gambling industry.

Do you know? Sunk cost fallacy is a cognitive bias. Having already spent so much time or effort on something, we find it hard to let go and move on. But such attachment to the past often prevents us from designing a better future. It traps our energy into activities that no longer make us happy or productive. From the Book #PowerfulFocus written by Meurisse Thibaut #pjgajjar #cognitive #learning #bias #letitgo #growthmindset #growth #continuousimprovement #trap #attachment #prevention…

Sunk Cost Fallacy - HEALTH Your Brain's 10 Biases That Cause Your Bad Decisions

I'd rather be a quitter... than fall for the Sunk Cost Fallacy. We often get stuck on what we've invested a lot of effort into: ↳ We don't change careers… | 63 comments on LinkedIn

Sunk costs are those permanent costs that have been incurred and cannot be recovered. Here, the expenses can be of your money, time, or some other asset.

You decided to write a book, and five years later you’re still writing it. The topic that once interested you no longer does,…

Empowerment & Design by Sara on Instagram: “Look up “sunk cost fallacy”. It’s actually a technique used by companies and marketers to get you to buy their product, by getting you to…”

Forget about how much time or money you've invested

Sunk costs are what we've already poured into a project or activity. What can we learn about the sunk cost fallacy and art? The post The Sunk Cost Fallacy And Art appeared first on Lee Devonish.

Even if you have never heard of it you are likely familiar with what is known as the Sunk Cost Effect (SCE) or Sunk Cost Fallacy. There are so many ways that the SCE can manifest in every day life…

How often have you spent good money after bad to avoid "wasting" your investment? You're not alone. Here's why you do it, and how to avoid the same mistake in future.