“A relationship can have been meaningful, formative, and deeply real, and also short-lived,” says Pataky. Yet there are ...

The Sunk Cost Trap Keeps You Holding On The sunk cost fallacy is defined as the tendency of a decision maker to continue on an endeavor after some type of investment, such as money or time, has been ...

People tend to misunderstand the “sunk cost fallacy.” A firm invests in learning about a takeover target, and then hesitates to abandon the bidding or the search because it has sunk costs in this ...

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 ...

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 ...