Sunk Cost Fallacy: Staying in an Unhealthy Relationship Just Because You've Already Invested So Much

The term "sunk cost fallacy" or "sunk cost effect" is well-known in economics. It refers to making poor financial decisions because of the time and resources already invested in a decision. An example of this is when you buy something expensive but later realize you don't need or enjoy it. Despite this, you feel compelled to continue using it to avoid feeling like the money spent was wasted.

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