Comment by hsn915
3 years ago
> Humans are irrationally motivated by loss-aversion and regualrly succumb to the sunk-cost fallacy.
This is not irrational and it's not a fallacy. As you have proved to yourself. It's a mental heuristic that works. You spent money to get something valuable, it would be foolish to let that go to waste. What about that exactly is irrational?
The money is already gone. Now you have some thing that you must evaluate the worth of on its own. If you muddy that evaluation with "but it cost so much" that's the sunk cost fallacy: clinging onto a thing because it was so hard to get even though it's subpar.