Economics Everywhere | Issue 5
Posted 2:05pm Sunday 26th March 2017 by Wee Doubt
Do you ever order what turns out to be way too much food at a restaurant, and then eat it all anyway to “get your money’s worth?” As well as greed, you’ve fallen victim to the sunk-cost fallacy. You paid good money for the meal, and you don’t want to “waste” Read more...
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the sunk-cost fallacy