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The Sunk Cost Fallacy
Human decision making is influenced by a number of factors, many of which are not necessarily rational. In fact, many decisions are clouded by a phenomenon known as the “Sunk Cost Fallacy” – where a person’s previous emotional connections to something make it harder to abandon that thing or idea. Even though the facts might argue for a person to give up on an idea or project, the fact that he or she had put time and effort into the project makes it impossible to assess the situation objectively. In other words, a person’s prior history affects his or her current decision making.
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| Post dates | Users | rates | Contents |
|---|---|---|---|
| 2014-01-23 | Pinky123 | 30.00 | Check this speaking |
| 2014-01-23 | Pinky123 | 85.00 | Check this speaking |
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- Construction of the New Art Building In the coming spring term, the university will begin construction of a new art building. We should all oppose this plan because it calls for the complete destruction of our current art building which was built 122 year 85
- Some students learn better by reading. Other learns more from listening to a teacher. Which way of learning is better for you and why? Include details and examples to support your explanation. 80
- Using points and examples from the talk explain the two definitions of moneypresented by the professor 67
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