This is called the sunk-cost fallacy – an attachment to an item because of what we spent in the past, even if we now hate the ...

This phenomenon is known as the sunk cost fallacy, and if you're not careful, it can keep you from reaching your financial goals. In economics, a sunk cost is an expense that has already been ...

This commitment to a failing venture is a textbook example of the sunk cost fallacy: the tendency to continue a project or stick with a decision based on past investments, rather than evaluating ...