Let's Ask My Friends

What's the Sunk Cost Fallacy?


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Have you ever held onto something without it making much sense? Have you refrained from selling something you don't need because you paid a lot for it when you first got it? Have you stayed with the wrong people who overstayed their welcome? Don't worry. All of us do it. It's called the Sunk Cost Fallacy.

In this episode, we dive into some examples from our lives as well as how you can probably escape the fallacy. If nothing, we talk about how to be more conscious about it. We'd love to hear from you too. Tell us about your experiences with Sunk Cost Fallacy and we'll share them on our social media.

Send us a voice message on Anchor or reach out to us on letsaskmyfriends.com. If you like what we do, consider supporting us on buymeacoffee.com/lamf!

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Let's Ask My FriendsBy Let's Ask My Friends