Tangent #06: Sailing Back to Sunken Treasure

In this tangent, we sink our teeth into the sunk cost fallacy. We here at JXM ask this question regarding bad ideas: Why do so many executives, team leaders, and project managers cling tightly to bad ideas as they flounder and sink? Of course, we know the answer. It’s usually a combination of dignity and hubris (often both), culminating in the sunk cost fallacy. This tangent was inspired by a piece we released in September - https://tunetojxm.com/setting-sail-in-the-wake-of-sunk-costs/