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The Value Perspective

CHAPTER

The Sunk Cost Fallacy

In the normal course of life, we make so many terrible decisions. But thankfully, most of those decisions don't really have adverse consequences. So, I would say when we are making a decision that can potentially have an adverse consequence, then we should slow down and try to think about it carefully. And just try to ensure that the most important decisions in our life, we use system 2 thinking rather than just intuition.

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