
Sign up to save your podcasts
Or
This week we talk about the Sunk Cost Fallacy and how it may be holding you back from your goals. The fallacy points out the irrational ways humans tend to stick with a behavior based on the amount of previous investment (time, money, effort, etc.) rather than what actually serves their goals. So the more you invest in something (ie a career, a relationship, a project, etc) the more likely you are to pursue it even to your own detriment. We are programmed to have an aversion to loss. However, once you know it, you can start spotting when you're doubling down on something that has actually run it's course. This is one of the biggest blocks I see keeping so many people in a career they hate. In this episode, we dive deep into the Sunk Cost Fallacy to help you spot it and move past it to focus on the opportunities ahead of you.
4.9
322322 ratings
This week we talk about the Sunk Cost Fallacy and how it may be holding you back from your goals. The fallacy points out the irrational ways humans tend to stick with a behavior based on the amount of previous investment (time, money, effort, etc.) rather than what actually serves their goals. So the more you invest in something (ie a career, a relationship, a project, etc) the more likely you are to pursue it even to your own detriment. We are programmed to have an aversion to loss. However, once you know it, you can start spotting when you're doubling down on something that has actually run it's course. This is one of the biggest blocks I see keeping so many people in a career they hate. In this episode, we dive deep into the Sunk Cost Fallacy to help you spot it and move past it to focus on the opportunities ahead of you.
8,793 Listeners
1,946 Listeners
2,788 Listeners
1,441 Listeners
12,054 Listeners
7,638 Listeners
1,667 Listeners
5,097 Listeners
16,684 Listeners
579 Listeners
837 Listeners
6,261 Listeners
425 Listeners
20,416 Listeners
108 Listeners