Answered

Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Explore our Q&A platform to find reliable answers from a wide range of experts in different fields. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

The 'sunken cost fallacy' occurs when:

A. You invest so much effort into something, you don't want to stop
B. There is a great deal of time lost when distractions occur
C. You leave your Oreo too long in the milk, and it falls and sinks
D. You have to pay up for the brand-name organizational materials

Sagot :

GinnyAnswer

Final answer:

The sunk cost fallacy is the tendency to invest more in something despite it being non-recoverable. This behavior hinders decision-making based on future benefits rather than past investments.


Explanation:

The sunk cost fallacy refers to the tendency to invest more in something once a significant nonrecoverable investment has been made, even if further investment is not justified. This behavior occurs when individuals continue to put resources into a project or endeavor, despite evidence indicating it is no longer beneficial or viable.

For example, someone might persist in running a failing business because of the emotional attachment and past investments, rather than acknowledging the loss and moving on. Overcoming the sunk cost fallacy involves making decisions based on future prospects and benefits rather than past investments that cannot be recouped.

It is crucial for individuals and organizations to understand this fallacy and avoid making decisions influenced by past costs that should not impact future choices.


Learn more about Sunk Cost Fallacy here:

https://brainly.com/question/36535676


We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.