Tag: SLS
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The Sunk Cost Fallacy in Science: When Gigantic Budgets Meet Reluctant Goodbyes
The Reluctance to Let Go Science is a beautiful, relentless pursuit of truth, but it is also expensive—astronomically so, in some cases. The sunk cost fallacy, a well-known cognitive bias, is not just the domain of gamblers at the poker table or hopeless romantics in doomed relationships. It is alive and well in the realm…