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Meaning of sunk costs fallacy | Babel Free

Noun CEFR C1

Definitions

The phenomenon where somebody justifies an increased investment of money or other resources based on the cumulative prior investment (the sunk costs), despite new evidence suggesting that the cost of continuing now outweighs the expected benefit.

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
See all C1 English words →

See also

sunk fence Sunkara Sunken sunken featured building sunken lane sunkenness

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