The sunk-cost fallacy is a cognitive bias that can lead us astray.
It occurs when we continue to invest in something, whether it's time, money, or effort, simply because we've already invested so much. In my case above, the dangers are relatively low, but here's the thing: holding onto sunk costs can be detrimental to our well-being and hinder our progress. In this article, we'll explore five tell-tale signs that you're falling prey to the sunk-cost fallacy and provide you with practical strategies to break free.