#031 - Sunk Cost Bias

This week we talk about the Sunk cost bias, also been called the "Concorde fallacy" when the UK and French governments took their past expenses on the costly supersonic jet as a rationale for continuing the project, as opposed to cutting their losses (source: Wikipedia).As you'll see we encounter it in every part of your life including coding and career.We talk about various concrete examples:- Standing in a line for too long making yourself "stand it out" because you already lost too much ti...