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What is The Sunk Cost Fallacy: how the fallacy works; what are its causes? What are the mechanisms at work? What are its dangers? how

What is The Sunk Cost Fallacy:

  • how the fallacy works; what are its causes? What are the mechanisms at work?
  • What are its dangers?

how we can counteract The Sunk Cost Fallacy:

  • What can a person do to become more aware of it?
  • What should a person practice to minimize its effects?

What are specific strategies, habits of mind, to directly manage oneself away from The Sunk Cost Fallacy?

source: https://youarenotsosmart.com/2011/03/25/the-sunk-cost-fallacy/

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