sunk costs fallacy en · NOUN
Meanings
- The systematic tendency to allow unrecoverable past investments of time, money, or effort to affect a forward-looking decision, thereby continuing a project even when expected future costs exceed expected future benefits.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| sunk costs fallacies | Number=Plur | lexicographic |
Relateds
double down · throw good money after bad
Translations (1)
fi uponneiden kustannusten harha (phenomenon)