Jul 15, 2020
5 min read
The Sunk Cost Fallacy
How to save a fortune by cutting your losses early
John goes to the casino. He’s aware of the dangers but he thinks, what the heck? I’m feeling lucky.
He decides to set himself a gambling limit of $200.
However, John is not aware of how the human mind works and how it can play tricks on you when the stakes are high.
