What is the 'sunk cost fallacy'? Is it ever a good thing?

When we invest money, time or another resource we can’t get back, factoring that sunk cost into our future decisions can be a trap.

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This is such an odd title to an article. Is the fallacy ever a good thing? The fallacy itself is a concept - so not really good or bad. Using it as a logical premise in an argument is recognized to be problematic.

Are we actually asking: is ever good to keep doing something you yourself hate only because you yourself already spent money on it? The answer seems clearly to be no.

11 comments