After discussing Authority Bias, in this blog, we will discuss SUNK COST FALLACY. As per Wikipedia, In economics and business decision-making, a SUNK COST (also known as retrospective cost) is a cost that has already been incurred and cannot be recovered.
Sunk Cost Fallacy
Sunk Cost Fallacy
Sunk Cost Fallacy
After discussing Authority Bias, in this blog, we will discuss SUNK COST FALLACY. As per Wikipedia, In economics and business decision-making, a SUNK COST (also known as retrospective cost) is a cost that has already been incurred and cannot be recovered.