Thursday, January 23, 2014

The Sunk Cost Effect in Our Lives

The sunk cost effect is an economic term which has a profound meaning in our daily lives. Have you sometimes held on to something too long just because you invested a lot in it? It could be a bad college major, a bad boy/girlfriend, a bad job. Whatever the case is. You need to get the courage to know the difference between holding on and letting go in order to make a wise decision.

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