[s19e19] Sunk Cost Fallacy Info

The Sunk Cost Fallacy, explored in "Sunk Cost Fallacy" (S19E19), describes the irrational psychological tendency to continue investing in a losing endeavor to avoid admitting past resources were wasted. The episode typically highlights that the refusal to cut losses leads to an escalation of commitment and a higher emotional or professional toll, demonstrating that rational decisions should only consider future costs and benefits.