sunk costs fallacy
Hello, you have come here looking for the meaning of the word sunk costs fallacy. In DICTIOUS you will not only get to know all the dictionary meanings for the word sunk costs fallacy, but we will also tell you about its etymology, its characteristics and you will know how to say sunk costs fallacy in singular and plural. Everything you need to know about the word sunk costs fallacy you have here. The definition of the word sunk costs fallacy will help you to be more precise and correct when speaking or writing your texts. Knowing the definition ofsunk costs fallacy, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Noun
sunk costs fallacy (plural sunk costs fallacies)
- The phenomenon where somebody justifies an increased investment of money or other resources based on the cumulative prior investment (the sunk costs), despite new evidence suggesting that the cost of continuing now outweighs the expected benefit.