The Sunk-Cost Fallacy

"I don't want to waste all the time I've put into this by just replacing it."

"I feel so bloated and uncomfortable, but I couldn't waste all that food."

"I can't just throw away all the years I've put into this relationship."

If these phrases are familiar, you've likely fallen for the Sunk-Cost Fallacy. And you're not alone. This episode explains what it is, why it's so easy to fall for, and how we can use wisdom to avoid it in the future.

 

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You can find this episode's original article here.

 

Scripture used: Proverbs 4:5–6, Proverbs 21:20. Galatians 5:22–23, Proverbs 28:13, Proverbs 3:5–7

Teamwork by Scott Holmes is licensed under an Attribution-NonCommercial License.