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The 365 Commitment

The 365 Commitment

Day 3,225 - The Sunk Cost Fallacy

· 2 min

Note de episod

The sunk cost fallacy describes the tendency to continue investing in a losing proposition because of past investments that cannot be recovered. This often leads to greater losses and regret. The key is to evaluate if future rewards justify additional investment, or if it's better to cut losses.

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