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Sagot :
Problematic decision-making process Meaghan is using sunk cost fallacy.
As an example, individuals every so often order an excessive amount of meals and then over-devour just to “get their money's worth”. similarly, a person might also have a $20 ticket to a live performance after which drive for hours through a snowfall, just due to the fact she feels that she has to attend because of having made the preliminary investment.
A sunk cost refers to a cost that has already happened and has no potential for recovery in the future. For instance, your rent, marketing campaign prices or money spent on a new devices can be taken into consideration sunk prices. A sunk price can also be referred to as a beyond price.
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