Dive into this captivating podcast episode as host Robb Green exposes the gripping grasp of the sunk cost fallacy. Discover why people persistently pour time, money, and resources into past investments, overlooking present realities. From clinging to unused gym memberships to pursuing projects that defy fiscal senses, explore how we break free from this cycle. Gain insights into untangling past investments from current judgements, sidestepping irrational commitment escalation. Uncover its relevance in relationships, careers, and business realms. Robb Green's advice? Unearth clarity in everyday decisions by asking, "Would I make this choice anew?" Let bias fade and optimal decisions shine.

Timestamps

[0:00] Understanding the Sunk Cost Fallacy

[1:55] Exploring the Sunk Cost Fallacy

[5:40] Decoding Planet Fitness's Unconventional Approach

[8:50] Navigating Decision-Making in Business

[13:20] Gaining Perspective on Emotions in Your Situation