Sunk-Cost Fallacy

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The Sunk Cost Fallacy is the tendency to consider costs that have already been paid and cannot be reclaimed when deciding whether to continue a project. Thinking you have to keep going because you'you've already put in so much. In reality, it is usually much more important to consider whether the benefits of finishing the project are worth more than the remaining costs.

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The Sunk Cost Fallacy is the tendency to consider costs that have already been paid and cannot be reclaimed when deciding whether to continue a project. Thinking you have to keep going because you've already put in so much. In reality, the only thing worth consideringit is usually much more important to consider whether the benefits of finishing the project are worth more than the remaining costs.

Letting past investment (of time, energy, money, or any other resource) interfere with decision-making in the present in deleterious ways.

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project. Thinking you have to keep going because you've already put in so much. In reality, the only thing worth considering is whether the benefits of finishing the project are worth more than the remaining costs.

Letting past investment (of time, energy, money, or any other resource) interfere with decision-making in the present in deleterious ways.

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