What Is the Sunk Cost Fallacy?

What Is the Sunk Cost Fallacy?
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Commentary

My family growing up did not go out to eat much at all. Maybe twice per year. When we did, it was to a cafeteria, a thrilling place for a kid. The food line starts with the salads, moves to the vegetables, and then moves to the meat. Then comes the bread, and the desserts start, and one’s eyes start to go crazy. You pay for what you put on your tray.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]