Navigating the Sunk Cost Fallacy in Decision Making

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Episode 3038:

Joel reveals how the sunk cost fallacy quietly influences our decisions, keeping us stuck in unfulfilling jobs, toxic relationships, or unproductive habits. By breaking free from what's already been invested, we reclaim control and move forward with clarity and purpose.

Read along with the original article(s) here: http://5amjoel.com/sunk-cost-fallacy/

Quotes to ponder:

"Just because you’ve spent time or money on something, doesn’t mean you have to keep doing it."

"It’s the fallacy that makes people stay in jobs they hate, keep items they don’t use, or remain in relationships that are no longer healthy."

"You’re not throwing away the past - you’re refusing to throw away your future."

Episode references:

Thinking, Fast and Slow: https://www.amazon.com/Thinking-Fast-and-Slow/dp/0374533555

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