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The committee fell victim to the sunk costs fallacy, pouring more money into the project despite clear signs it would never succeed.
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The committee fell victim to the sunk costs fallacy, pouring more money into the project despite clear signs it would never succeed.
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Related words
sunk costs fallacy
Noun
Japanese Meaning
累積した回収不能な投資（埋没費用）を理由に、それ以上の投資を正当化してしまう認知バイアス。つまり、既に失った費用に固執して合理的な判断ができなくなる現象。
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