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This is what's known as the Sunk Cost Fallacy, or the idea that we're more likely to invest in an action if we feel it'll make prior investment seem justified.
Most people, in other words, do not recognize that evil has a tendency to cloak itself in the good, or, as the psychologist Eric Fromm observed, "The main fallacy which prevents people from recognizing potential Hitlers before they have shown their true faces lies in the belief that a thoroughly destructive and evil man must be a devil and look his part;
Most people, in other words, do not recognize that evil has a tendency to cloak itself in the good, or, as the psychologist Eric Fromm observed, "The main fallacy which prevents people from recognizing potential Hitlers before they have shown their true faces lies in the belief that a thoroughly destructive and evil man must be a devil and look his part, that he must bear the sign of Cain so visibly that everyone can recognize his destructiveness from afar.
Number 19: understand sunk cost fallacy and apply it to your life like your life depended on it.
Understand sunk cost fallacy and apply it to your life like your life depended on it.
Today, Republican Senator Rand Paul, who doesn't believe in tariffs, he called Navarro a walking economic fallacy, which is, I should note, at least nicer than Elon Musk saying he's dumber than a stack of bricks.
Today, Republican Senator Rand Paul, who doesn't believe in tariffs, he called Navarro a walking economic fallacy, which is, I should note, at least nicer than Elon Musk saying he's dumber than a stack of bricks.
And finally, big idea 6, understanding the sunk cost fallacy.
This is what is known as the sunk cost fallacy, your past decisions shouldn't affect what is good for you now.
This assumption is a logical fallacy,
This assumption is a logical fallacy
This fallacy was refuted decades ago.
This fallacy was refuted decades ago, the myth that plant proteins are incomplete,
It means making better, informed decisions rather than sticking with your original specialty out of some misplaced sense of loyalty or sunk cost fallacy.
It means making better informed decisions rather than sticking with your original specialty out of some misplaced sense of loyalty or sunk cost fallacy.
And I would say it's kind of a slippery slope fallacy in foreign media that all hostess clubs and all host clubs deal with human trafficking and all this horrible stuff when that's just a small percentage.
I would say it's kind of a slippery slope fallacy in foreign media that all hostess clubs and all host clubs deal with human trafficking and all this horrible stuff when that's just a small percentage.
And I see some of you reaching for the authority fallacy video that we made.
So there is no fallacy here.