Sunk-Cost Fallacy

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.

Applied to Worth keeping by Multicore at 2y
Applied to The Crackpot Offer by Multicore at 2y

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.

Created by jimrandomh at 3y
Applied to Sunk Cost Fallacy by jimrandomh at 3y

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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