Last week reports came out that Xi Jinping (President of China) would not be meeting Trump for further Sino-US trade relations discussions until March 1st, which is the “Armageddon” day for when the imposed tariffs between the two largest global economies will be enacted. This articles discusses future China outlooks and current Sino-US affairs.
At the end of the day, the sunk cost fallacy is caused by pride, loss aversion, and irrational commitment to past decisions. The sunk cost fallacy makes us stupid. Don’t let it trick you.