House Swapping Version 2.0
Featured Blog Posts – June 2009 Archive (1)
On The Principle of Sunk Cost
I often find myself applying the Principle of Sunk Cost to many financial problems I encounter.
The Principle, sometimes paraphrased as “don’t chase good money after bad”, holds that certain financial costs cannot be recovered once they are incurred and therefore should not affect future actions or decisions.
A common example (Wikipedia) is that of purchasing a movie ticket and realizing shortly into the movie that it is… Continue
The Principle, sometimes paraphrased as “don’t chase good money after bad”, holds that certain financial costs cannot be recovered once they are incurred and therefore should not affect future actions or decisions.
A common example (Wikipedia) is that of purchasing a movie ticket and realizing shortly into the movie that it is… Continue
Added by David Moskowitz on June 24, 2009 at 6:05pm — No Comments
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