Avoiding the Sunk Cost Fallacy
July 22, 2010 by MJP
Filed under Retirement Planning
Some of the retirement planning mistakes baby boomers make involve a mistaken belief in variations of the “sunk cost fallacy.”
In a recent post I wrote for the On Retirement blog at U.S. News and World Report, I describe three different ways that our human nature gets in the way of proper financial decision making. You might want to give it a quick read to see if any of them apply to you.
Here is a link to the full post.
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