A sunk cost refers to any money, time, or resources that have been irretrievably spent and cannot be recovered, regardless of any future actions or decisions. Once incurred, this cost is permanently ...

It was a Words with Friends chat that first gave Megan Phelps-Roper pause. People have a marked tendency to cling to past investments, whether financial, social, or emotional—even when it becomes ...

Berlin's new airport was supposed to open in 2011 with a budget of 2 billion euros. Instead, it finally opened in 2020 after costing over 6 billion euros. The project was plagued with problems from ...

MANILA, Philippines — There is nothing so useless as doing efficiently that which should not be done at all.” —Peter Drucker, “The Effective Executive” One of the hardest things for leaders is knowing ...

Ever stayed in a terrible movie just because you already paid for the ticket? Or clung to a failing relationship because of “all the years you’ve put in”? If so, congratulations—you’ve met the sunk ...

A Reflection for Tuesday of the Third Week of Advent Which of the two did his father’s will? Find today’s readings here. The sunk cost fallacy is a theory that posits that we keep going down a path ...

People remain stuck in unhealthy relationships far longer than they should. The pattern is painfully familiar – they’ve invested years, shared myriad memories, and weathered numerous storms together.