Confirmation Bias « You Are Not So Smart

The sunk cost fallacy is when someone makes a rational decision based on the future value of objects, investments and experiences. This article discusses how the popular computer game Farmville displays the sunk cost fallacy.

2002   Daniel KAHNEMAN Américano-israélien

Daniel Kahneman (born March is an Israeli-American psychologist. He was awarded the 2002 Nobel Memorial Prize in Economic Sciences. He is notable for his work on the psychology of judgment and decision-making, behavioral economics and hedonic psychology.

Belen A: This article helps portray the danger that making decisions based on sunk costs can bring. I liked it because it helped give a clear idea of the concept by placing the reader in 3 scenarios where he would have to make decisions while putting aside sunk costs and re evaluating what is actually important. It makes it clear why these costs should not be relevant to managers when it comes to decision making. The bottom line is how good money should not be thrown away after something…

The Sunk Cost Fallacy: The Surprising Reason Why People Cling to Jobs and Investments Longer Than They Should

This is known as the sunk cost fallacy. "I've sunk this much time into it .

Questions About Soup, Sunk Costs, Turkey, Insurance and More! http://qoo.ly/jf4zw

Questions About Soup, Sunk Costs, Turkey, Insurance and More! http://qoo.ly/jf4zw

Meuble échelle diy

DIY : Créez des meubles de rangement avec une échelle et des paniers

She also made this reclaimed wood ladder as a way to utilize the space over the toilet for extra bathroom storage. "This ladder was a super quick and easy DIY and cost just a few dollars," writes Jenn (Diy Bathroom Storage)

The sunk cost fallacy makes you act in ways counter to your best interests. Learn how to see through these sunk costs and make better decisions.

How the Sunk Cost Fallacy Makes You Act Stupid

The sunk cost fallacy makes you act in ways counter to your best interests. Learn how to see through these sunk costs and make better decisions.

Tiny homes have to make efficient use of space and that includes the bathrooms. A tiny house bathroom has to accommodate a toilet, a bath and/or shower, and a sink in a very small amount of space.

37+ Tiny House Bathroom Designs That Will Inspire You, Best Ideas !

More often than not, people will waste time and money in order to justify costs they’ve already spent. Here's how to handle these "sunk costs" before they bring you down.  More

Know When To Bail: Sunk Costs

More often than not, people will waste time and money in order to justify costs they’ve already spent. Here's how to handle tackle these "sunk costs" before they bring you down.

How Sunk Costs Keep You Stuck in Bad Investments - But when it comes to to sunk costs, our instinctive opposition to “wasting money” we’ve already lost can hurt us in many ways. In investing specifically, it can make you hold on longer than you should, and cost you even more.

How Sunk Costs Keep You Stuck in Bad Investments

IRS are one of the most damaging and aggressive of the IRS collection tactics. Call us on today for your free telephone consultation to determine how Strategic Tax Resolution can help you get back on the road to a financial fresh start.

We make irrational decisions based on sunk costs all the time.  Recognizing and discarding sunk costs in future decisions is a powerful way to make more solid personal finance decisions.

Understanding Sunk Costs- A Life-Changing Secret

We make irrational decisions based on sunk costs all the time. Recognizing and discarding sunk costs in future decisions is a powerful way to make more solid personal finance decisions.

How the Sunk Cost Fallacy Makes You Act Stupid

How the Sunk Cost Fallacy Makes You Act Stupid

The sunk cost fallacy makes you act in ways counter to your best interests. Learn how to see through these sunk costs and make better decisions.

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