In this enlightening episode, Kari delves into the Sunk Cost Fallacy, a cognitive bias that leads us to continue investments based on past inputs rather than future potential. This results in misallocated resources and missed opportunities. She breaks down the emotional, justificatory, and fear-based roots of this fallacy and its impact on decision-making. Discover three pivotal strategies to escape the sunk cost trap: pre-defining clear exit criteria, conducting regular progress reviews, and shifting focus to future opportunities. This episode is essential for anyone looking to refine their decision-making process and lead with greater insight and efficiency.
Evidence Against: The Saboteur of Success
Empowerment and Peace: A Conversation with Diana Cutaia
3 Steps to Stop Resulting
Breaking Free from the Vicious Cycle
Dr Ron Stotts Interview
Are Your Decisions Truly Your Own? The Top 3 Decision Biases
Take Flight without Losing Your Fight: The Top 3 Travel Tips
How to Make Effective Decisions
Interview with Carey Davidson Author of The Five Archetypes
The Clean Slate: Use your Schedule with Purpose
Navigating AI with Peter Swain: Steering Towards a Positive Future
Paul & Kari Unlocking Relationship Dynamics: Insights from Tony Robbins' Seminars
Mindset Monday - The 3 Levels of Mastery
Dr Matt Ormond Holistic Body Healer
Standards vs. Expectations: Navigating High Performance
5 Minute Facts - Intermittent Fasting
What Tested Our Resilience
The Real Gifts
Empowered Blueprint
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