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The Sunk Cost Fallacy: The High Price of Staying the Course
In the high-stakes corporate world, a "sunk cost" is any investment, time, money, or energy that has already been spent and cannot be recovered. All great CEOs and leaders know that these costs should have zero impact on future decision-making. Yet, in our personal lives and political landscape, we see the opposite: the more we have lost, the harder we 'double down.' This is called the Sunk Cost Fallacy.
Kimberly Mahr
Jun 103 min read
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Identity Fusion: When "We" Becomes "Me"
In our current hyper-polarized US climate, politics has moved from "what I think" to "who I am." We are witnessing identity fusion, a psychological phenomenon called identity fusion, where the boundary between the personal self and the group self is obliterated. The problem here is that when "we" becomes "me," individual logic dies.
Kimberly Mahr
May 203 min read
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