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 - Urgent vs Important
Super Training
Mindset Monday- Fitting In vs Belonging
Mindset Monday - Decision Power
5 Minute Facts - Fruit
Mindset Monday - How to make hard easy
Change is as good as a break
Mindset Monday - Thought vs Reality
Harvie Harrington - Pro Football / Motivational Speaker
Mindset Monday - Meditation isn't working?
When Coaching Sucks
Mindset Monday- When it's worth it!
Mandy Bujold - Boxing Olympian
Decide your story about 2021
Kari and Paul - Transition Time and Goal Setting
Mindset Monday - Now results vs later results
Mindset Monday - Lead Yourself First
Alecia Beckford Stewart - Track and Field / Bobsleigh
Mindset Monday - Words to Live By
Mindset Monday - 5 Steps to a New Level
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