The Fallacy of Sunk Costs

To bail or not to bail?

   The sunk cost fallacy is simply continued financing of a bad deal. Payments and investments that can never be recovered, but are still being fed and watered by your money and time. Sounds stupid? Not so much. Being the wonderful creatures we are, people are extremely prone to loss aversion because we tend to also emotionally invest in all our dealings. We think we are making logical choices but really, how clear is your vision in that one area?
   Some hide behind God.Waiting on a miracle they say. Is God really behind the vague answers you give as your excuses and the denial in which you're living in?  Most of the time people stick to their sinking ships to avoid admitting their lapse in judgement to their personal audience. Understandable really, because no one likes looking foolish but it means you're not taking into account what not getting out looks like.



 This applies to friendships and romantic relationships. Sticking to friends you've either outgrown or have outgrown you. Staying in relationships that don't work because you want to have something to show for it at the end of the day.Why don't we just admit a relationship has outlived its purpose and hold on to the memories of the good times before they are destroyed by bad sentiments?
   Losing something permanently hurts; stomach twisting,gut wrenching pain. The urge to avoid this pain sometimes leads to erratic behaviour that can only be classified as madness . Why stay in abusive relationships? Wear uncomfortable shoes you can't sell?Or finish up expensive food you find disgusting? The price has already been paid,move on. Sometimes its clear what the sunk costs in our lives are and other times it's not easy to see what is lost forever.Our ability to stay on track and keep pressing on is noble and admirable. We however also have the ability to reflect on our past and project our choices into the future. Save your future self bigger pain and loss by accepting the pain of truth and loss now.