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Not just money. Any resource, time, or mental effort applied to use something because of it's initial expense when a better alternative exists.
by itronitron 3y ago
Not just money. Any resource, time, or mental effort applied to use something because of it's initial expense when a better alternative exists.
- rightbyte 3y agoThen there is the sunk cost fallacy fallacy. Where you throw away investments since making another investment would have been better in hindsight.