How is the concept of the sunken cost fallacy relevant to day traders in the stock market?
The sunk cost fallacy is a cognitive bias where individuals continue to invest in a decision or project based on the cumulative investment they have already made, despite new evidence suggesting that the decision or project is unlikely to be successful. This bias is problematic because it leads people to make decisions based on past Read more about How is the concept of the sunken cost fallacy relevant to day traders in the stock market?[…]