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Vlad [161]
2 years ago
14

Hello! I don’t understand the sunk cost fallacy, hope you can explain it :) Thank you in advance :)

Social Studies
1 answer:
ValentinkaMS [17]2 years ago
7 0

Answer:

The Sunk Cost Fallacy describes our tendency to follow through on an endeavor if we have already invested time, effort, or money into it, whether or not the current costs outweigh the benefits.

Explanation:

example:-Have you ever realized 30 minutes into watching a movie that you don't enjoy it, but continue to watch it anyway? This is because of the sunk-cost fallacy. We continue wasting our time on a boring movie since we have already invested 30 minutes of our time into it.

<em>hope</em><em> its</em><em> help</em><em> you</em><em> </em><em>brother</em><em>.</em><em>.</em><em>.</em>

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