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Sunk Cost Fallacy Can Drag You In Deeper
Outlook Money
|August 2025
We usually spend our time and money on investments or items, with the unsaid expectation of reaping some benefit at the end.
However, the act of making adequate effort doesn’t automatically guarantee the best of results. If you are in a situation when you keep committing to something you have already put a lot of time, money, or effort into, and where quitting would actually be the better choice, you have likely given in to sunk cost fallacy.
The idea here is that you don’t want your effort to go waste and hope that something will change in the future.
This story is from the August 2025 edition of Outlook Money.
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