The Sunk Cost Fallacy and how it deconstructs perseverance
For years, I’ve been been told and lectured that perseverance is a strong virtue to have, especially when one is striving something in life, insisting that one should never give up on their dreams and goals, a speech that seems like its advocates have to constantly reinforce, lest they don’t succeed at all. This is a good message that seeks to elevate listeners to push further forward and succeed, but for sometime, I’ve learned that this kind of strategy isn’t always useful; enter the Sunk-Cost Fallacy, where a person refuses to give up on an unsuccessful goal they’ve committed time, resources, effort, speeches, and energy doing, even when it’s more reasonable to quit instead. Recently, I’ve learned that this fallacy deconstructs the concept of perseverance; I’d argue that perseverance is one of the few petards motivational speakers believe will never hoist them, let alone the idea Sunk Cost Fallacy capable of turning its very principles on its head. A large number of motivational sp...