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1788: Spiritual Witnesses and Testimonies w/ LDS Discussions Ep. 43

Mormon Stories Podcast

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The Sunk Cost Fallacy

The sunk cost fallacy is basically a something that's going to impact just about every decision we make. And so in an everyday example, a family may purchase tickets to a baseball game. They could accept the waste of money on the ticket price and watch the remainder of the game without enjoyment or they could leave and then go to something more fun. In either case, the ticket buyer has already paid for the price of the ticket.

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