Sunk Costs

By |2019-07-09T11:27:58-07:00July 9th, 2019|Bookkeeping, Financial accounting|

Even if we’re unfamiliar with the term, we all know what a sunk cost is, even if it’s not monetary. Someone who is in a bad relationship but continues in it because, “I’ve already invested so much time into him, I don’t want to give that up,” is using a fallacious belief, because the time [...]