Don’t be devastated if you ever fell victim to the sunk cost fallacy
How Bitcoin reminds investors of the Sunk Cost Fallacy
Published in
3 min readSep 14, 2021
The sunk cost fallacy (or sunk cost effect) is a controversial bias that occurs when making financial decisions. However, it can also be found in many non-finance-related situations, as long as there’s some kind of payment made. Take for example the payment…
