Economic Fundas Episode 1 - Vietnam and Bad Marriages: The Sunk Cost Fallacy
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Never throw good money after bad. And don't be imprisoned to the past. Amit Varma and Vivek Kaul begin with a story from Vietnam and end with a musing on bad relationships, explaining the factor common to both: THE SUNK COST FALLACY. Every single day, we encounter this fallacy in our lives. Recognising it is the best way to avoid it!
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Never throw good money after bad. And don't be imprisoned to the past. Amit Varma and Vivek Kaul begin with a story from Vietnam and end with a musing on bad relationships, explaining the factor common to both: THE SUNK COST FALLACY. Every single day, we encounter this fallacy in our lives. Recognising it is the best way to avoid it!
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