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Be aware of the sunk cost fallacy from "summary" of The Art of Thinking Clearly by Rolf Dobelli
The sunk cost fallacy is a dangerous trap that many of us fall into without even realizing it. We tend to continue investing time, money, or effort into something simply because we have already invested a lot in it. We believe that if we just keep going, all our past investments will not go to waste. But this is a fallacy. It is important to remember that what is done is done. The money you have already spent, the time you have already invested – these are sunk costs. They cannot be recovered, no matter how much more you invest. Therefore, the rational decision to make is based on the future costs and benefits, not on what has already been spent. Continuing to invest in something just because you have already invested a lot in it is like throwing good money after bad. You are...
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