Every day, you make hundreds of decisions—some big, like choosing a career path, others as small as picking what to eat for ...

Sunk costs or scarcity mindsets are a big reason a lot of us accumulate clutter that leaves us feeling too guilty to get rid ...

A sunk cost fallacy then occurs if you lean into the sunk cost by putting more resources toward it, even though that doesn't recoup what's already lost. So if you keep watching that TV show and ...

A major way that the sunk cost fallacy hurts finances is by causing investors to stay committed to a misguided investment for too long or even allocate more to chase losses.

The sunk cost fallacy often muddies this inflection point—a psychological trap that tempts owners to chase poor investments or decisions, sometimes at the expense of more promising opportunities.

Politicians struggle with “sunk cost fallacy,” as Republicans regret Trump’s VP pick and Biden exits race. The political sunk cost fallacy has haunted politicians in both parties for decades.

Joe Biden’s self-inflicted electoral crisis is a classic case study in the “sunk cost fallacy.” As Vice President Kamala Harris and party leaders pour resources into the president’s ...

A sunk cost is an expense that cannot be recovered. These types of costs should be excluded from decision-making.

The sunk-cost fallacy shows up when people make the following kind of argument. “Since we’ve already got those useless bridges, we must continue. Otherwise, they will remain useless.” ...

The sunk-cost fallacy applies in our thinking about the war in Ukraine, or in Gaza. Can these wars be ended without betraying those who have died in the past? Now let’s turn to Trump.