Which of the following describes the "sunk costs" thinking trap?
A) Let sleeping dogs lie.
B) Your first impression is usually right.
C) Don't throw good money after bad.
D) Always start with the low-hanging fruit.

Question

Quizplus · Accepted Answer

The sunk costs thinking trap refers to the tendency to stick with a decision or project simply because we have already invested time, effort, or money into it, even if continuing with it doesn't make sense. This is also known as "throwing good money after bad." Option C is the only choice that directly addresses this thinking trap.

Which of the Following Describes the "Sunk Costs" Thinking Trap