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.
There ain’t no such thing as a free lunch. Every economist will tell you this. Why? Opportunity costs!
How often do you receive a gift during the holidays season and then realize that although you understand the gift comes from a good heart