How Susceptible Are You to the Sunk Cost Fallacy?

Being intelligent doesn't guarantee that you'll avoid wasting time and resources on unproductive endeavors; however, cultivating self-awareness can help you recognize when you're going off course. Understanding your own biases and motivations enables you to make better decisions, ultimately preventing you from clinging to a lost cause. Enhancing self-awareness could be the key to more effective resource management and improved outcomes. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Harvard Business Review » Strategy