Social Science · Cognitive Biases
The 'sunk cost fallacy' refers to a cognitive bias where a person:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Continues an endeavor or commitment because of previously invested resources, despite negative prospects✓
- 2Completely ignores historical investments and focuses solely on rational future value
- 3Prefers immediate cash flows over long-term compound interest benefits
- 4Relies entirely on intuitive leaps without considering statistical data
Correct answer
Continues an endeavor or commitment because of previously invested resources, despite negative prospects
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