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Sunk-Cost Fallacy

TagLast edit: Aug 11, 2021, 5:54 PM by Ben Goldhaber

The Sunk Cost Fallacy is the tendency to consider costs that have already been paid and cannot be reclaimed when deciding whether to continue a project. Thinking you have to keep going because you’ve already put in so much. In reality, it is usually much more important to consider whether the benefits of finishing the project are worth more than the remaining costs.

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See Also

Is Sunk Cost Fal­lacy a Fal­lacy?

gwernFeb 4, 2012, 4:33 AM
31 points
81 comments1 min readLW link

Sunk Cost Fallacy

Z_M_DavisApr 12, 2009, 5:30 PM
40 points
44 comments2 min readLW link

Ham­mer­time Day 8: Sunk Cost Faith

alkjashFeb 5, 2018, 1:00 AM
29 points
20 comments3 min readLW link
(radimentary.wordpress.com)

Sunk Costs Fal­lacy Fallacy

[deleted]Jan 24, 2012, 9:09 PM
38 points
28 comments2 min readLW link

Dispel your jus­tifi­ca­tion-mon­key with a “HWA!”

MalcolmOceanJan 24, 2018, 4:51 AM
21 points
15 comments5 min readLW link

The Im­por­tance of Say­ing “Oops”

Eliezer YudkowskyAug 5, 2007, 3:17 AM
272 points
36 comments2 min readLW link

The Crack­pot Offer

Eliezer YudkowskySep 8, 2007, 2:32 PM
120 points
73 comments3 min readLW link

Star­ing into the abyss as a core life skill

benkuhnDec 22, 2022, 3:30 PM
357 points
22 comments12 min readLW link1 review
(www.benkuhn.net)

Worth keeping

KatjaGraceDec 7, 2018, 4:50 AM
51 points
9 comments2 min readLW link
(meteuphoric.com)

The Power to Teach Con­cepts Better

LironSep 23, 2019, 12:21 AM
91 points
23 comments8 min readLW link1 review

The Curse Of The Counterfactual

pjebyNov 1, 2019, 6:34 PM
140 points
35 comments19 min readLW link1 review
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