Making Better Decisions
Seth discusses the concept of sunk costs and how they can hinder our decision-making process. He emphasizes the importance of focusing on new information and future outcomes rather than dwelling on past investments.In this clip
From this podcast
Akimbo
Ignore sunk costs (E)
Related Questions
What are sunk costs?
What is the sunk cost fallacy as discussed in the episode The Weird Science Behind Your Irrational Money Decisions #443 and the clip Cutting Your Losses?
What is the sunk cost fallacy as discussed in the episode The Weird Science Behind Your Irrational Money Decisions #443 and the clip Cutting Your Losses?