Sunk Cost Fallacy

Thanos says he “had to” sacrifice Gamora. Vader tells Luke it’s too late to turn back. Professional poker player Paul Hoppe joins Matthew Fox to dig into the sunk cost fallacy, the bias that convinces us that because we’ve already paid a price, we have to keep paying it, and to test that idea against real poker hands as much as comic book ones.They trace “don’t throw good money after bad” out of the casino and into relationships people stay in too long, then out further still, into the Pentagon Papers and a naval arms race that helped start World War One. Running through most of it is the same reason people won’t budge: the fear of hearing “I told you so.” Is staying the course ever actually the right call? Paul and Matthew push back on their own thesis before they’re done. Full show notes and resources Get Paul’s book, “Friday Night Is My Monday Morning, Volume One” (40% off with code SHE400): ZenMadman.com ************************************************************************** This episode is a production of Superhero Ethics, an Ethical Panda podcast and part of the TruStory FM Entertainment Podcast Network. Check out our website to find out more about this show and our sister podcast Star Wars Generations.We want to hear from you! Keep up with our latest news and send us feedback, questions, or comments via social media or email.TikTok · Twitter/X · Instagram · Facebook · EmailJoin the conversation in the Star Wars Generations and Superhero Ethics channels on the TruStory FM Discord.Want even more content while supporting the podcast? Become a member! For $5 a month or $55 a year you get access to bonus episodes and bonus content at the end of most episodes — and you can even give membership as a gift. Sign up here.You can also support us through our sponsors: Purchase a lightsaber from Level Up Sabers, run by friend of the podcast Neighborhood Master Alan. Use Audible for audiobooks. Sign up for a one-year membership or gift one through this link. Purchase any media discussed this week through our sponsored links.