sunk cost fallacy example


(sunk cost) There is a misconception that people make rational decisions based on the future value of objects, investments, and experiences. But the truth is that decisions of many people are tainted by the emotional investments they accumulate and the more they invest in something the harder it becomes to abandon it. Let us understand this with the help of an example: Rajesh had a very hectic and long day in the office. He had some…