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Old 09-15-2022, 10:21 AM
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Peter_Spaeth Peter_Spaeth is offline
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Agree that what someone has into a card is completely irrelevant. No one is entitled to make a profit. But if someone wants to be buried along with their cards, that's their right.
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Last edited by Peter_Spaeth; 09-15-2022 at 10:21 AM.
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Old 09-15-2022, 10:27 AM
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conor912 conor912 is offline
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Sunk-cost Fallacy

The phenomenon whereby a person is reluctant to abandon a strategy or course of action because they have invested heavily in it, even when it is clear that abandonment would be more beneficial.
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Old 09-15-2022, 10:39 AM
raulus raulus is offline
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Quote:
Originally Posted by conor912 View Post
Sunk-cost Fallacy

The phenomenon whereby a person is reluctant to abandon a strategy or course of action because they have invested heavily in it, even when it is clear that abandonment would be more beneficial.
There's a name for it because it's a common phenomenon.

I think in banking they use the terms:

Extend and pretend

Delay and pray
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