Sunk Cost Fallacy Paper

746 Words3 Pages
The Sunk Cost Fallacy is about that past - the time, money and emotional investments put into something which causes it hard to abandon (Dubner, 2011). The more one has invested into it, the harder it is to abandon. People associate quitting with giving up and laziness. Yet they never mention that they are two different kinds of quitters, the ones who make excuses and the ones who are honest with themselves (Ubner, 2011). In other words, it is not always bad, but sometimes allows people to face their reality - which is always a positive thing. Why are we prone to commit this fallacy? The answer is quite simple, we do not want to give up on something we have invested in -we do not want to be a quitter. It would be easy to say it was just a part of life, but it is not. In fact, children and animals do not fall for this fallacy (Dubner, 2011). Perhaps it is because they do not involve their pride- they are not afraid to admit they were wrong about something and leave it behind. I have committed this fallacy more than once, from small things to big ones. I once had a friend that was going through some hards times, which in turn caused her to self-destruct. I spent so much of my time and emotional investment talking to her,…show more content…
As stated earlier, this fallacy is about that past - the time, money and emotional investments put into something which causes it hard to abandon. With that being said, people can struggle with whether or not something is truly worth quitting. First one must ask themselves is this thing that have invested so much in unattainable or not? Once again, their reality must be faced. Therefore, in a Sunk Cost situation it can better to throw in the towel. For instance, if you have no passion what what you are trying to do and/or if you have put too much money into it and see no result- in better words when you have made the wrong
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