The 365 Commitment
Day 3,225 - The Sunk Cost Fallacy
2:14
You cannot recover yesterday's investment by wasting tomorrow's energy. This is an important life lesson that I learned after spending way too much time chasing a losing proposition, thinking that I could not stop because of everything that I had already put in. This is the sunk cost fallacy. A sunk cost is something you have already spent and cannot recover. It might be money, time, effort, or…