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loss aversionleadsto the sunk cost fallacy
a sense of responsibility or duty(passive) can be created byThe Sunk Cost Fallacy
The difference between the subsidized price and zero ... too smallto triggerthe “ sunk - cost fallacy
attributing too much importance to sunk costsleadsto the sunk cost fallacy
the experiences of reinforcement after investing in the higher - cost alternative(passive) might be caused bysunk cost fallacy
waste - aversion ... or considering irretrievable losses e.g. [ 6(passive) is triggered bythe sunk - cost fallacy
One wayto preventsunk cost fallacy
your value ... the things within the gametriggersthe sunk - cost fallacy
the self - justification theorycausesthe sunk cost fallacy
enough momentum to move forward ... also may helppreventthe sunk cost fallacy
prey ... when combined with framingleadsto the " sunk cost fallacy
your fear of lossleadsto the sunk cost fallacy
A cursory appreciation of the situation would seemto leadstraight to the sunk cost fallacy
increasing investmentleadsto the ‘ sunk cost fallacy
the worst case scenariocould leadto sunk cost fallacy
integral affect elicited by the specific decision context(passive) is caused bythe sunk - cost fallacy
the sunk - cost fallacy ... the method of thoughtcausesthe sunk - cost fallacy
the bills ’s possiblewill leadthe sunk - cost fallacy
the kind of commitmentwill ... leadto the sunk cost fallacy
a great wayto preventthe sunk cost fallacy
This tends irlto resultin sunk cost fallacy
the mind ... the attachmentscreatethe sunk cost fallacy
us to miss or ignore the logical facts presented to us , and instead make irrational decisions based on our emotions — without even realizing we 're doing so : Being such a subconscious reactionleadsus to miss or ignore the logical facts presented to us , and instead make irrational decisions based on our emotions — without even realizing we 're doing so : Being such a subconscious reaction
people to “ wiki - economicsledpeople to “ wiki - economics
people to certain career choicesmay leadpeople to certain career choices
to irrational decision makingcan leadto irrational decision making
you from considering other options that might also work ... and corner you into interpreting any suggestion along those lines as a demand to ban hammers ;) Mar 31 , 2019 , 20:29preventyou from considering other options that might also work ... and corner you into interpreting any suggestion along those lines as a demand to ban hammers ;) Mar 31 , 2019 , 20:29
people to feel invested in a project or endeavorcausespeople to feel invested in a project or endeavor
most people ’s decision making to be tainted by the emotional and financial investments they already have in an itemcausesmost people ’s decision making to be tainted by the emotional and financial investments they already have in an item
You To Make Crappy Financial Decisions By David Weliver July 11 , 2014 Posted inLeadsYou To Make Crappy Financial Decisions By David Weliver July 11 , 2014 Posted in
someone ’s decisionsis influencingsomeone ’s decisions
to poor decisionsdoes ... leadto poor decisions
to all sorts of poor decision - makingleadsto all sorts of poor decision - making
an escalation of commitment or commitment biastypically causesan escalation of commitment or commitment bias
a feedback loop of people defending pointless grindingcreateda feedback loop of people defending pointless grinding
inefficient behaviorcausinginefficient behavior
in productive behaviorresultsin productive behavior
people to become committed to something they ’ve already spent money on , even when continuing to pursue it is no longer a rational decisioncausespeople to become committed to something they ’ve already spent money on , even when continuing to pursue it is no longer a rational decision
many people to hold on to losses for years Home bias – to invest in their homeground Status - quo bias – passive investingleadsmany people to hold on to losses for years Home bias – to invest in their homeground Status - quo bias – passive investing
people to make decisions based on past actions rather than present merits - framing matterscausespeople to make decisions based on past actions rather than present merits - framing matters
to " backward looking decisionsleadsto " backward looking decisions
our decisions ... 13:24can ... influenceour decisions ... 13:24
them from hanging up and moving on to other thingspreventsthem from hanging up and moving on to other things
people to see through investments to their completion rather than to cut and run when it is clear those investments will not pay offleadspeople to see through investments to their completion rather than to cut and run when it is clear those investments will not pay off
litigants to make irrational decisions in the mediation processcan leadlitigants to make irrational decisions in the mediation process
us to continue to invest ( time , money , effort , etc . ) into something beyond the point at which those investments make sensecausesus to continue to invest ( time , money , effort , etc . ) into something beyond the point at which those investments make sense
people to focus on the investment already made in a particular causer of action and hope that , if the approach is continued , invested costs will be recouped and the prior investment decision vindicatedcausespeople to focus on the investment already made in a particular causer of action and hope that , if the approach is continued , invested costs will be recouped and the prior investment decision vindicated
poor judgement where past investment decisions influence the choices on how to move forwardcreatespoor judgement where past investment decisions influence the choices on how to move forward
Fantasy managers ' decisions 4 days ... 16 hours agocan influenceFantasy managers ' decisions 4 days ... 16 hours ago
Fantasy managers ' decisions 1 day ... 19 hours agocan influenceFantasy managers ' decisions 1 day ... 19 hours ago
Fantasy managers ' decisions 2 days ... 18 hours agocan influenceFantasy managers ' decisions 2 days ... 18 hours ago
Fantasy managers ' decisions 3 days ... 8 hours ago Nice squadcan influenceFantasy managers ' decisions 3 days ... 8 hours ago Nice squad
Fantasy managers ' decisions 29 days ... 5 hours ago Even if it will cost my team 0.7 mcan influenceFantasy managers ' decisions 29 days ... 5 hours ago Even if it will cost my team 0.7 m
them into becoming scammerswould leadthem into becoming scammers
for examplepromptsfor example
to looking like a doofusleadsto looking like a doofus
to sticking with a solution even when it ’s not really workingcould leadto sticking with a solution even when it ’s not really working
businesses from recognizing the mistakes of previous investmentspreventsbusinesses from recognizing the mistakes of previous investments
Some differences(passive) are caused bySome differences
decision - makersmay leaddecision - makers
executivesleadsexecutives
investors to throw good money after badleadsinvestors to throw good money after bad