Football > Liverpool Research behind Liverpool’s last minute veteran-substitute-provided-draws and the talented but uncompetitive players they replace. www.verywellmind.com/…/what-is-sunk-cost-fallacy-7106851Verywell MindDon't Fall for the Sunk Cost Fallacy: Tips for Smarter Life DecisionsSunk cost fallacy is a cognitive bias that can lead to irrational decision-making. Learn more about sunk cost fallacy and how it can show up in your life. pmc.ncbi.nlm.nih.gov/articles/PMC6324799/PubMed Central (PMC)The feeling of throwing good money after bad: The role of affective reaction in the sunk-cost fallacyContinuing investing in a failing plan (i.e., the sunk-cost fallacy) is a common error that people are inclined to make when making decisions. It is impossible to get resources back that already have been invested. Hence, economic theory implies ...