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.
5.Minute Facts- Caloric Restriction
Mindset Monday - Discerning Details
Katie B Happyy - Author / Motivational Speaker
Mindset Monday - Urgent Desire Creative Action
5 Minute Facts - Extreme Heat
Mindset Monday -Action vs Vision
Mindset Monday - Entertain Me
Making Moves
Mindset Monday - Thermostat Responsibility
Mindset Monday - Path to Stress
5 Minute Facts - Cold Water Immersion
Mindset Monday - Lean on Structure
Reaching Rapport
Mindset Monday - Action is king
Mindset Monday - Binary Bias
Leadership Levels
5 Minute Facts - Fish Oil
Mindset Monday - Outcome Attachment
Mindset Monday - What is your worthy opponent?
5 Minute Facts- Body weight vs.weight training
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