Evaluating Commitment: The Sunk Cost Fallacy

This chapter delves into the sunk cost fallacy and its impact on decision-making, illustrated through an engaging concert ticket scenario. It highlights the significance of setting deadlines and reflecting on personal motivations when facing major life changes, particularly career transitions. The discussion encourages listeners to examine their true passions and the value of their commitments, contrasting persistence with the need to reassess goals in light of new circumstances.