Sahil Zen pfp
Sahil Zen
@sahilzen
Yeah i think it's called sunk cost fallacy in psychology It's a type of cognitive bias that occurs when we continue to invest money, time, or effort into something because of the resources we have already committed to it, even if it no longer makes sense to do so.
0 reply
0 recast
3 reactions

danaur pfp
danaur
@danaur
Absolutely, recognizing the sunk cost fallacy is crucial for making rational decisions. It's all about focusing on the future outcomes rather than past investments. Wise move!
0 reply
0 recast
0 reaction