The sunk-cost fallacy is one of many harmful cognitive biases to which humans fall prey. It refers to our tendency to continue to devote time and resources to a lost cause because we have already spent — sunk — so much time in the pursuit. The sunk-cost fallacy applies to staying in bad jobs longer than we should, slaving away at a project even when it’s clear it won’t work, and yes, continuing to use a tedious, outdated plotting…
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