The Sunk Cost Fallacy: Know When To Quit.

Let’s say you’re planning your next summer vacation. So you hit google and find a few different destinations you’d like to visit this year.

You find a trip to Egypt, a country you’ve always wanted to visit, but it’s not on top of your list. The travel package includes a plane ticket and a stay at a hotel for a total of $3000. This package is non-refundable, but you couldn’t find anything better, so you went for it and booked the trip.

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Muchina T.K

Muchina T.K

I’m a Business Systems Analyst and Process Improvement Manager who writes about those things online. https://muchinatk.medium.com/membership