249. Understanding sunk cost fallacy & why it is hurting your decision making
Episode description
The phrase Sunk Cost Fallacy is going to help you stop wasting your time on shit that doesn’t work. In this episode I’m explaining this concept where you keep putting money and time and effort into something that isn’t working, but you don’t want to quite cause of all the effort you’ve already put in.
Brain Fact: Cyclooxegenase and reducing pain and inflamation in the body
Listener Question: I have been cheating on my wife for 7 years, and the woman I was cheating with recently broke up with me. How can I get over that heartbreak while not telling my wife about the affair because I don’t want her to leave me.
LINKS
- Send your Listener question to info@dyfmpod.com
- Read 'How susceptible to the Sunk Cost Fallacy are you?' from Harvard Business Review https://bit.ly/sunkcost-fallacy .
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- Follow @alexispredez on Instagram
- Join the DYFM Facebook Group https://bit.ly/dyfm-group .
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CREDITS
Host: Alexis Fernandez
Executive Producer & Editor: Elise Cooper
Digital Producer: Oscar Gordon
DYFM Social Producer: Shania Magua
Managing Producer: Sam Cavanagh
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