The sunk cost fallacy is a bias where individuals continue to invest in a losing proposition because of resources already committed, such as holding onto a failing investment to recover losses rather than cutting them.

Authors

• Person: Dr. Dawn M. Carpenter Organization: LinkedIn
  Mind Over Money: Behavioral Economics and Financial Decision ...

Sources

• Mind Over Money: Behavioral Economics and Financial Decision ... www.linkedin.com Dr. Dawn M. Carpenter · LinkedIn via serper

Referenced by nodes (1)

• investment concept