4 Decision-Making Mistakes People Make The Most, According To An Expert

If you pay $15 to see a movie, that's a sunk cost once you've paid it.

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The sunk cost fallacy is when we make decisions in order to make our sunk costs feel worth it.

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The fallacy is that it wasn't actually put to good use if it's only led you to spend two hours of your life feeling bored.

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That way, you may have wasted $15, but at least you didn't also waste two hours.

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This can also happen with bigger decisions, like breaking up with your partner, says Ram.

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We're often reluctant to leave relationships we've put a lot of effort into because then all that effort feels like a waste.

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