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Mind Your Business · Jul 20, 2026

S2 Ep3 Sunk Cost Fallacy

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Dr Leanne Elich · Mind Your Business

Ever stuck with a project, client, product, or strategy simply because you've already invested too much to quit?

You're not alone. Your brain is wired that way.

In this episode, we unravel:

  • The psychology of the sunk cost fallacy

  • The hidden bias that convinces us to throw good money, time, and energy after bad

From failing products and bloated projects to difficult clients and expensive software nobody uses, you'll discover why smart people double down on losing decisions, and how to know when walking away is actually the smartest move.

If you've ever said, "We've put in so much time" or "Let's give it one more shot," this episode will change how you make decisions forever.

Because the question isn't, "How much have we already invested?" It's "Knowing what we know now, would we choose this again?"

Read the original on drleanneelich.substack.com

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