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.
EP70 Dr. John Berardi - Nutrition / Coaching Expert
EP69 Mindset Monday - Take the urgency out of the urge
EP68 Kaillie Humphries - Bobsleigh Olympian
EP67 Kari and Paul - 2020 Vision Baby!
EP66 Kari and Paul - Decade in Review
EP65 Kari and Paul - 12:30 Challenge & DWD Recap
EP64 Jane Roos and Conrad Leinemann - CAN Fund
EP63 Mindset Monday - Are Other People Leading Your Life?
EP62 Kari and Paul - How We Up-Level
EP61 Mark Lee - Sport Broadcaster
EP60 Mindset Monday - Create Urgency to Reach Your Goals
EP59 Simon Whitfield - Triathlon - Olympian
EP58 Kari and Paul - 24hrs of Paul
EP57 Mindset Monday - Finding Clarity
EP56 Cassie Hawrysh - Skeleton
EP55 Mindset Monday - Anchoring
EP54 Rebecca Johnston - Hockey Olympian
EP53 Kari and Paul - Strength Training Secrets
EP52 Mindset Monday - Positive and Negative Energy
EP51 Karine Thomas - Synchronized Swimming Olympian
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