Optimal Living Daily - Personal Development and Self-Improvement cover image

3193: The Sunk Cost Fallacy - Why People Cling to Jobs & Investments Longer Than They Should by Paula Pant

Optimal Living Daily - Personal Development and Self-Improvement

CHAPTER

Exploring the Pitfalls of Sunk Cost Fallacy in Decision-Making

Exploring the irrational attachment to past investments, the chapter highlights the tendency to hold onto jobs, investments, or projects despite better alternatives. The message urges decision-making based on present circumstances rather than past commitments.

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