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Blaze to [Outdated, please look at pinned post] Casual Conversation@lemmy.worldEnglish · 2 years ago

What is the 'sunk cost fallacy'? Is it ever a good thing?

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What is the 'sunk cost fallacy'? Is it ever a good thing?

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Blaze to [Outdated, please look at pinned post] Casual Conversation@lemmy.worldEnglish · 2 years ago
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When we invest money, time or another resource we can’t get back, factoring that sunk cost into our future decisions can be a trap.
  • PeepinGoodArgs@reddthat.com
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    • ℕ𝕖𝕞𝕠@midwest.social
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      Sure, that’s future-oriented. It’s stupid, but not fallacious.

      But if you’re just drinking it because you paid $8 and you don’t want to “waste it”, THAT is sunk cost fallacy.

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