How the Sunk Cost Fallacy Makes You Act Stupid - LifehackThe sunk cost fallacy makes you act in ways counter to your best interests. Learn . to go to the concert because otherwise “you would have wasted your money”.money making fallacy,Sunk cost - WikipediaIn economics and business decision-making, a sunk cost is a cost that has already been . It may also be used as shorthand for an error in analysis due to the sunk cost fallacy, irrational decision-making or, most simply, as irrelevant data. . way (spent money), while the first involves suffering in two (spent money plus wasted.
money making fallacy