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Inspect and Adapt · April 14 · 59 min

#66 The Sunk Cost Fallacy

Why do we keep working on something long past the point where we should have stopped? Join Construx’s Earl Beede, Steve Tockey and Mark Griffin as they Inspect & Adapt the various ways we trick ourselves into thinking, “Well, we already spent this much time or money; we can’t afford to lose that!” Find out how much the sunk cost fallacy is costing you.

0:00-59:02

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Why do we keep working on something long past the point where we should have stopped? Join Construx’s Earl Beede, Steve Tockey and Mark Griffin as they Inspect & Adapt the various ways we trick ourselves into thinking, “Well, we already spent this much time or money; we can’t afford to lose that!” Find out how much the sunk cost fallacy is costing you.

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