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Tag: sunk cost fallacy

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May 2, 2017May 1, 2017Snowbird of Paradise

Lies, Damned Lies, and Investments

Given the number and significance of the lies being told by various politicians and their representatives, why do they still have loyal supporters? It must be a kind of sunk cost fallacy: having invested so much in a person or a party, the prior commitment justifies ongoing investment even in the face of evidence that […]

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