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Sunk-Cost Fallacy

TagLast edit: 1 Oct 2020 22:22 UTC by Ruby

The Sunk Cost Fallacy is the tendency to consider costs that have already been paid and cannot be reclaimed when deciding whether to continue a project. Thinking you have to keep going because you’ve already put in so much. In reality, it is usually much more important to consider whether the benefits of finishing the project are worth more than the remaining costs.

External Links

See Also

Ham­mer­time Day 8: Sunk Cost Faith

alkjash5 Feb 2018 1:00 UTC
24 points
13 comments3 min readLW link
(radimentary.wordpress.com)

Sunk Cost Fallacy

Z_M_Davis12 Apr 2009 17:30 UTC
39 points
44 comments2 min readLW link

Sunk Costs Fal­lacy Fallacy

[deleted]24 Jan 2012 21:09 UTC
35 points
28 comments2 min readLW link

Is Sunk Cost Fal­lacy a Fal­lacy?

gwern4 Feb 2012 4:33 UTC
31 points
81 comments1 min readLW link

The Curse Of The Counterfactual

pjeby1 Nov 2019 18:34 UTC
98 points
32 comments19 min readLW link2 nominations1 review

The Power to Teach Con­cepts Better

Liron23 Sep 2019 0:21 UTC
85 points
22 comments8 min readLW link2 nominations1 review

The Crack­pot Offer

Eliezer Yudkowsky8 Sep 2007 14:32 UTC
74 points
73 comments3 min readLW link

Worth keeping

KatjaGrace7 Dec 2018 4:50 UTC
51 points
9 comments2 min readLW link
(meteuphoric.com)

Dispel your jus­tifi­ca­tion-mon­key with a “HWA!”

MalcolmOcean24 Jan 2018 4:51 UTC
20 points
15 comments5 min readLW link
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