Sunk Cost
Type: Informal — Economic Also Known As: Concorde fallacy, argument from sunk costs
Definition
Continuing an endeavor because of previously invested resources, regardless of current value.
Form
[Standard logical form to be added]
Examples
Example 1
We’ve spent $10M on this project. We can’t cancel it now!
Example 2
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Example 3
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Example 4
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Why It Persuades
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How to Counter
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Related Concepts
References
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Part of the Convergence Protocol — Clear thinking for complex times.