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The Dolphins just cut their quarterback and ate a record $99.2 million to do it. So why do we keep finishing shows we hate and paying for gyms we never use? This week, I break down the sunk cost fallacy, and when walking away is the smart move.
Why does a $15 drink at the game feel like nothing? Why do some millionaire athletes go broke? And why does money you win on a bet feel like free money? This week, I break down mental accounting, the way our brains sort money into buckets, and how to stop it from costing you.
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