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I see this repeated all the time and tend to label it "the investment-bias fallacy" but it's also called commitment bias. [0] Go into any casino where people
by bmir-alum-007 11y ago
I see this repeated all the time and tend to label it "the investment-bias fallacy" but it's also called commitment bias. [0] Go into any casino where people are trying to win back their lost money is one classic cliché.
0. https://en.wikipedia.org/wiki/Escalation_of_commitment https://en.wikipedia.org/wiki/Escalation_of_commitment
- engi_nerd 11y ago"Sunk cost fallacy" is what my college "Engineering methods" course called it, but we are talking about the same concept.