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Reply to "Help me break DH’s “sunk cost” mindset "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm struggling to figure out what this scenario has to do with sunk costs. [/quote] +1 In the future, OP, please stick to using terms whose meaning you actually know.[/quote] The stuff isn’t worth what he thinks it’s worth, so he won’t get rid of it. I thought that’s what it was? Am I wrong? Like if I bought a dresser for $1000 and I no longer need it, but won’t part with it because the most I can get is $100 today, but I paid $1000 for it years ago, so it has to be worth more! I apologize, I thought that was sunk cost! What’s the term I’m looking for?[/quote] That’s sunk cost fallacy [/quote]
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