The sunk cost fallacy is when you keep sinking more money into something because of how much you have already sunk into it. It doesn’t apply when you simply make a one-off purchase and then don’t ever spend another cent.
no. What you describe is just one form of the fallacy. Sunk cost fallacy in general is when you include a sunk cost in your decision making process at all, instead of just considering the costs and benefits that are affected by the decision at present.
The sunk cost fallacy is when you keep sinking more money into something because of how much you have already sunk into it. It doesn’t apply when you simply make a one-off purchase and then don’t ever spend another cent.
no. What you describe is just one form of the fallacy. Sunk cost fallacy in general is when you include a sunk cost in your decision making process at all, instead of just considering the costs and benefits that are affected by the decision at present.
No, what I described is the sunk cost fallacy. You misunderstood it.
No I didn’t.