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.
Kevin Wood -Resilient Humans Podcast
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Mindset Monday - Raise the Minimum Standard
Dr Laura Sicola - Leadership communication expert
The Pleasure Principle
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Mindset Monday - Lottery Life
Leigh Martinuzzi - The Hidden Why Podcast
Grounding Communication
5 min Facts: Small Steps Big Rewards- the surprising benefits of 10,000 steps
Mindset Monday - Consistency is King
The 1 Solution for the 3 Most Courageous Conversations
Jennifer Broxterman - Nutrition Expert
5 Minute Facts - Kill the Clutter
Mindset Monday - Useful Anger
Dr. Lisa Koche - Triple Board-Certified Physician
Clean Up Commitment
5 Minute Facts - Sugar
Mindset Monday - How to have JOMO and thrive!
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