There is nothing so useless as doing efficiently that which should not be done at all.” —Peter Drucker, “The Effective ...

Falling prey to the sunk cost fallacy will cost leadership more than just time, money and energy, Dr Simon Breakspear says. Aptly termed the ‘sunk cost fallacy’, this sneaky cognitive bias drives many ...

While reducing costs is critical for Intel, relying on a consulting company and AI for marketing could have the unintended consequence of hurting its brand.

Breaking down how Orlando's aggressive move for Desmond Bane demonstrates the evolving trade landscape where specific team needs determine value more than traditional asset calculations.

The Trap of Throwing Good Money After Bad The sunk cost fallacy occurs when we use money, time, or effort we've already spent (and can't recover) as justification to keep investing in something ...

The sunk cost fallacy occurs when we use money, time, or effort we've already spent (and can't recover) as justification to keep investing in something that's clearly not working.

The sunk cost fallacy is our tendency to continue with something we’ve invested money, effort, or time into—even if the current costs outweigh the benefits. When we fall prey to the sunk cost fallacy, ...

Traditional cost-benefit analyses treat wetland restoration as a one-off expense with fixed returns. New research shows this misses long-term climate and biodiversity benefits.