Sunk Costs Quotes & Sayings

Well, we spent enough on gymnastics.'
'Christ, did we,' said Maureen. 'So many lessons.'
So many lessons, it was true: art and music and ice-skating; Lily's every fleeting interest enthusiastically, abundantly indulged. Not to mention the many more practical investments
chemistry tutoring when she struggled, English enrichment when she excelled, SAT courses to propel her to the school and then, presumably, the career of her dreams. What costs had been sunk, what objections had been suppressed, to deliver their daughter into the open and waiting arms of her beautiful life. — Jennifer DuBois

This mindset, known as loss aversion, the sunk-cost fallacy, and throwing good money after bad, is patently irrational, but it is surprisingly pervasive in human decision-making.65 People stay in an abusive marriage because of the years they have already put into it, or sit through a bad movie because they have already paid for the ticket, or try to reverse a gambling loss by doubling their next bet, or pour money into a boondoggle because they've already poured so much money into it. Though psychologists don't fully understand why people are suckers for sunk costs, a common explanation is that it signals a public commitment. The person is announcing: "When I make a decision, I'm not so weak, stupid, or indecisive that I can be easily talked out of it." In a contest of resolve like an attrition game, loss aversion could serve as a costly and hence credible signal that the contestant is not about to concede, preempting his opponent's strategy of outlasting him just one more round. — Steven Pinker

I can hire out for editing, proofreading, formatting, and cover design, and those are fixed, sunk costs. Once those are paid, I can earn 70% on a self-pubbed ebook. — J.A. Konrath

Decision making brings together many of the finest traits of contrarian leadership
thinking gray, thinking free, artful listening, delegating authority while retaining ultimate responsibility,artful procrastination, ignoring sunk costs, taking luck into account, and listening to one's inner voice. Weaving these traits together is an art itself. When it is done well, the result is a thing of beauty and a powerful tool for effective leadership. — Steven B. Sample