The sunk cost fallacy keeps us invested in losing propositions:
This fallacy explains why people stay in bad relationships, continue watching boring movies, keep wearing uncomfortable clothes, and persist with failing projects. Recognizing that past investments are irrecoverable helps make better forward-looking decisions.
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<p>Think you make rational decisions? Think again. This eye-opening book reveals how our minds are riddled with systematic thinking errors. Author Rolf Dobelli distills decades of cognitive research into 99 short chapters, each exposing a common mental mistake and how to avoid it. From why we overvalue things we already own to how experts consistently fail with predictions, these cognitive biases affect every aspect of life—investing, business, relationships, and everyday decisions. Once you recognize these thinking traps, you'll catch yourself falling for them and make dramatically better choices.</p>
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