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.
Mindset Monday - 2 Rules For Better Performance
Andrew Poje -Ice Dance Olympian
Mindset Monday - Managing Monkey Mind
Kari and Paul - Life (or S#^t) Happens
Melissa Humana-Paredes Beach Volleyball World Champion
Mindset Monday - Am I an actions manager?
Alan Selby - Strength Coach - Calgary Flames
Mindset Monday - Effective vs Efficient - Where to focus?
EP100 Kari and Paul Celebrate 100!
EP99 Mindset Monday -Rocks, Pebbles, and Sand
EP98 Rebroadcast - Dr. John Berardi
EP97 Mindset Monday - Sweet Free September
EP96 Mindset Monday - Why Wins Keep Losing
EP95 Mindset Monday - How to Spot a Blindspot
EP94 Kari and Paul - Pain
EP93 Mindset Monday - Vitality v Disease
EP92 Mindset Monday - Let's get ready to Rumble!
EP91 Mindset Monday - Decision Making Mistakes
EP90 Dan Hamhuis - NHL / Olympian
EP88 Mindset Monday - How to Brain Scrub
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