After Hours cover image

How Money Can Buy Happiness

After Hours

CHAPTER

The Psychology of Sunk Costs

If you do something waigh in advance, and then there's time. By the time you experience those are all sunk cost. They're not even part of the calculus any more. Theres these funny examples where you can see it in action. i was at a seltos game recently, and that's an example of something you pay for way and vance. You pay much too much for cause the celtics are doing well, mon seur,. And then you go and everything there is overpriced. So this is kind of the psychological version of sunk costs.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner