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 - How to break the rules
Kari and Paul’s Epic Wins and Fails from 2021
Action Vision
Mindset Monday - Create the state you want
5 Minute Facts - Nature
Deep Connection
Tammy Mahon - Volleyball
Mindset Monday - Struggle Bond vs. Growth Bond
Mindset Monday - A.I.R for Consciousness
5 Minute Facts - Sleep
Relationships
Mindset Monday - Power Thinking
Mindset Monday - Stop Lazy Thinking
Mindset Monday - Effective Thinking Formula
Michele Graglia - Ultra Marathoner
Mindset Monday - Stop Overthinking
Create Confidence
5 Minute Facts - Knee Health
Zion Clark - Track / Wrestling / Author
Mindset Monday - Default Settings
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