General Discussion

Newest Reality

(12,712 posts)

10. Sunk-Cost Fallacy

Sat Oct 12, 2019, 01:45 PM

Oct 2019

I wonder how many of them might feel that they have invested something in the rhetoric and might see dropping it as a loss? Although it can be applied to financial matters it is not exclusive to them.

Sunk-Cost Fallacy

(also known as: argument from inertia, concorde fallacy, finish the job fallacy)

Description: Reasoning that further investment is warranted on the fact that the resources already invested will be lost otherwise, not taking into consideration the overall losses involved in the further investment.

Logical Form:

X has already been invested in project Y.

Z more investment would be needed to complete project Y, otherwise X will be lost.

Therefore, Z is justified.

Example #1:

I have already paid a consultant $1000 to look into the pros and cons of starting that new business division. He advised that I shouldn’t move forward with it because it is a declining market. However, if I don’t move forward, that $1000 would have been wasted, so I better move forward anyway.

https://www.logicallyfallacious.com/tools/lp/Bo/LogicalFallacies/173/Sunk-Cost-Fallacy

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

18 replies

= new reply since forum marked as read

Highlight:

Farmers Sticking By Trump Even As Trade Wars Bite [View all] catbyte Oct 2019 OP

Farmers should write a book called, shockey80 Oct 2019 #1

You cannot help people hell-bent on being stupid. Miguelito Loveless Oct 2019 #2

All those years of roundup are catching up with them, AJT Oct 2019 #3

This is what happens when you snort cow patties all your life. shockey80 Oct 2019 #5

I always wondered what do these farmers and such have against city folk, and vote for scumbags... SWBTATTReg Oct 2019 #4

It's because they hate liberals more than they love America. Mosby Oct 2019 #6

You're right. It's pathetic and sickening. And I bet that the differences between us is ... SWBTATTReg Oct 2019 #9

The farmers did this in the late 70's early 80's too. Followed by massive foreclosures Greybnk48 Oct 2019 #7

Exactly. We had the Christian Identity and Sovereign Citizen shit here. All Conservative Republicans Midnight Writer Oct 2019 #13

Sunk cost. They've invested themselves ideologically and emotionally in Trump The Velveteen Ocelot Oct 2019 #8

Sunk-Cost Fallacy Newest Reality Oct 2019 #10

Deplorable dipshits. nt oasis Oct 2019 #11

50+ years of increasingly cruel and unhinged rhetoric and policy created a monster. Garrett78 Oct 2019 #12

A lot of them are Christians Mariana Oct 2019 #14

this is about much more than Trump stopdiggin Oct 2019 #15

Don't overlook how important TheFarseer Oct 2019 #16

Don't want that damned socialism stuff. keithbvadu2 Oct 2019 #17

Guns, hunting, the EPA, social conservative stuff, not interested in big city stuff LeftInTX Oct 2019 #18