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Sunk cost thinking ruins innovation
There is nothing so useless as doing efficiently that which should not be done at all.” —Peter Drucker, “The Effective ...
The sunk cost effect has been widely observed in individual decisions. Building on an intrapersonal self-management game, the paper theoretically shows that the sunk cost effect may stem from an ...
Sometimes the sunk cost fallacy shows up in more complex ways that affect your long-term finances and life satisfaction, like with your career choices.
The Reds better have a strong stomach because they’re eating a lot of cash. Cincinnati designated veteran infielder Jeimer Candelario for assignment on Monday, almost halfway through his three ...
Military arsenal is expensive, and the United States's B-2 Spirit stealth bomber costs a whopping 2 billion dollars. Here are the reasons as to why.
As the US dollar has continued its fall after April’s tariff turmoil, foreign investors in US assets have had to make a trade-off between FX risks and high hedging costs. The wide interest rate ...
Arts & Entertainment Speaker Looks at Hidden Costs of Seafood and the Power of Art Heather Behrens for Santa Barbara Maritime Museum June 26, 2025 | 9:00 am ...
Fine arts programs in New York City are receiving record-high applications even though many have hefty tuition costs and creative careers are notoriously hard to attain. The surge comes as many ...