Explore the sunk cost dilemma, a key financial concept impacting decisions on investing in failing projects. Learn how to manage it with real-world examples and insights.

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It was a Words with Friends chat that first gave Megan Phelps-Roper pause. People have a marked tendency to cling to past investments, whether financial, social, or emotional—even when it becomes ...

Without going too far out on a limb, I believe almost everyone would like two things from their jobs and careers: success and happiness. They want to do well financially, receive recognition for their ...

A quick guide to logical fallacies. Fallacies include ad hominem, appeals to authority, the fallacy fallacy, circular arguments, etc. What happened with the 14th Amendment? Abandoned vessel found 70 ...

Editor’s note: Birches Health is a leading national provider of Responsible Gaming resources and Problem Gambling treatment, offering specialized care from the comfort of home, covered by insurance.

Gambler’s fallacy is a common cognitive bias that affects decision-making, especially in areas like gambling, investing, and trading. In this article, we’ll strive to break things down by giving you a ...

Forbes contributors publish independent expert analyses and insights. Bryce Hoffman writes about leadership, strategy, and decision making. The hot-hand fallacy is a cognitive bias that leads ...

Forbes contributors publish independent expert analyses and insights. Bryce Hoffman writes about leadership, strategy, and decision making. The gambler’s fallacy is ...