recall

← recall

sunk cost fallacy termbias

continuing because you've already invested, not because it's worth it

Past spending shouldn't drive future decisions — only expected future value should. Common in 'we've already spent 6 months on this rewrite, we have to finish.' The right question is always 'starting from now, is this worth it?'

aliases: sunk cost, throwing good money after bad

topics: decision-theory

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