The 100 Dollar Good Vacation or the 50 Dollar Great One?

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More than half of people on the study decide to just go ahead and go to the expensive vacation anyway. Connoman and taverska, they also did an experiment about sunt cost. So which one are you going to go on? The 100 dollar good vacation or the 50 dollar great one? You can't get your money back, and you've already spent the money on both.

Are you throwing good money after bad? Are you stuck in a job, a relationship, a degree, or some other situation that you know you should abandon but fear you'll have wasted years of time and effort? Are you in pain because of your fear of having done something in vain? This episode, learn all about the sunk cost fallacy and how you sometimes get stuck in a wasteful loop of behavior because of your fear of loss.

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