The sunk cost fallacy is our tendency to continue with something we’ve invested money, effort, or time into—even if the current costs outweigh the benefits. When we fall prey to the sunk cost fallacy, ...
There are many people who think that everyone else has experienced what they have experienced, and that others can understand what they can understand. A column was posted on LessWrong, a forum site ...
Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has ...
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