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The Upside of Quitting (Rebroadcast )

Freakonomics Radio

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The Sunk Cost Fallacy

A sunk cost is just what it sounds like, time or money that you've already spent. Arcus and a colleague learn something that makes falling for the sunk cost fallacy embarrassing. With my band, i'd finally had enough negative feedback to quit. I'll tell you the truth, some of the feedback still miss it was insanean fun. But the ottom line, i am so glad i quit. For me, it was the right move. Much as i missed music, sometimes the upside of quitting meant that i got to lead a life more like the one that i edvisioned coming up.

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