The more we’ve invested in past decisions, the more reluctant we are to bail out. But we can correct this bias by counting ...

Discover the difference between fixed and sunk costs. Learn why all sunk costs are fixed but not all fixed costs are sunk, and understand the significance in financial decisions.

Have you ever encountered a subpar hotel breakfast while on holiday? You don’t really like the food choices on offer, but since you already paid for the meal as part of your booking, you force ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. What happens when an entrepreneur realizes their project isn't delivering? It can create a ...

Most people are familiar with the expression "don't throw good money after bad." It's a nice and tidy saying, warning the listener against perpetuating bad decisions, a very rational thought. As ...

As some Republicans express buyer's remorse about Donald Trump's selection of J.D. Vance as the “worst choice” for vice president and Joe Biden ditches his stubbornness about staying in the 2024 ...

And now for Valentine's Day, we have an economic idea wrapped in a love story. Here's Jacob Goldstein from our Planet Money team. JACOB GOLDSTEIN, BYLINE: When Megan McArdle was in her early 30s, she ...

What to Make of the Trump DOJ’s Letitia James Indictment To Secure the Next American Century, America Will Need Her Allies Colorado Is Still as Confused on Free Speech as It Is on Gender To Fix the ...

Megan McArdle spent years in a doomed relationship. The reason, she says: She fell victim to a common economic fallacy. Our Planet Money team has... How Sunk Cost Fallacy Applies To Love RENEE ...