5min chapter

Explicit Measures Podcast cover image

187: 21 Mind Traps in BI

Explicit Measures Podcast

CHAPTER

The Sunk Cost Fallacy

i think the sunk cost fallacy is another interesting topic here because as not necessarily me building the report but i think there's always this. We invest time effort money into building these things and sometimes that level of effort or that amount of time invested into what that solution has been has influenced whether or not we will just abandon it and move on. There may be we may be throwing good time at bad ideas so don't let initial investment hinder you from coming up with a better longer term solution. I thought critical thinking were being slightly skeptical but based on just like understanding psychologically how our brains are potentially fooling us was eye-opening for me both in business  and personal.

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