Money Traps, Part 3: The Sunk Cost Fallacy

Filed under Movie Personal Finance

Have you ever sat through a bad movie just because you didn’t want to “waste” the money you spent on the ticket? What about a dud of a car that you refused to give up on despite multiple trips to the mechanic? If so, you’re not alone. This behavior is a mental money trap economists and […]

visit Money Ning »

 

ShareThis

Something to say about this deal?

You may also be interested in:

 

Money Traps, Part 4: Mental Accounting