Ep 42 : How "not quitting" is ruining your life | Sunk Cost Fallacy
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Ep 42 : How "not quitting" is ruining your life | Sunk Cost Fallacy
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About this listen
Welcome to our podcast on the Sunk Cost Fallacy, where we explore the irrational behavior of persisting in a course of action because of resources already invested, despite the increasingly negative outcomes. In this episode, we delve into the origins and consequences of this cognitive bias, and how it can affect decision-making in business, personal relationships, and everyday life. We discuss real-life examples, common misconceptions, and strategies to overcome this fallacy and make more rational choices. Join us as we uncover the hidden costs of the Sunk Cost Fallacy and learn how to avoid its trap. Tune in now for an eye-opening discussion on this fascinating topic.
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.