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| Name | Sunk Cost Fallacy And Why You Should Quit |
| Video Uploader | Video From MindfulThinks |
| Upload Date | This Video Uploaded At 14-07-2017 03:19:18 |
| Video Discription | In this video, we take a look at the sunk cost fallacy and how it influences our decisions. We also briefly take a look at how loss aversion relates to sunk costs in a few examples. The sunk cost fallacy is most commonly discussed in psychology, economics, and consumer behavior research. Join Our Community! Facebook - https://www.facebook.com/MindfulThinks Twitter - https://twitter.com/MindfulThinks Google+ - https://plus.google.com/u/0/b/114608059509873797565/114608059509873797565 Support The Channel! MindfulThinks Shirts - https://www.amazon.com/dp/B072R5SJ4Y Sources: http://www.lifehack.org/articles/communication/how-the-sunk-cost-fallacy-makes-you-act-stupid.html http://www.macmillanlearning.com/catalog/Product/introducingpsychology-thirdedition-schacter http://footnote.co/why-we-try-and-fail-to-keep-sunk-costs-afloat/ http://www.investopedia.com/terms/s/sunkcost.asp [xXpzfy5oKWg] |
| Category | Education |
| Tags | Sunk Cost | Sunk Cost Fallacy | Loss Aversion | Money | Contracts | Economics | Psychology | Behavioral Economics | MindfulThinks | Airplanes | Basketball Players | Sunk Cost Explained | Consumer Behavior | Business | Cognitive Science |
