3 ms·
I came in to say that this was one of the tidbits of info I always held onto from business school. The whole point of understanding sunk costs is avoiding the
by mikeryan 7y ago
I came in to say that this was one of the tidbits of info I always held onto from business school. The whole point of understanding sunk costs is avoiding the Sunk Cost Fallacy.
Everytime I hear a sports talk radio guy talking about how much an overpaid and underperforming player is still going to play I pull my hair out.
https://www.behavioraleconomics.com/resources/mini-encyclopedia-of-be/sunk-cost-fallacy/ https://www.behavioraleconomics.com/resources/mini-encyclope...