SciShow Psych: Why Do We Go All In on Lost Causes?

Teacher or professor: SciShow Psych
Subject: Psychology
Content of the Lesson: We've all experienced the sunk cost fallacy: when you are deep into a task and tell yourself that you’ve come this far, so you may as well finish it. We do this even if it's no longer logical to finish. So why do we do it? Hosted by: Brit Garner ---------- Support SciShow by becoming a patron on Patreon: https://www.patreon.com/scishow SciShow has a spinoff podcast! It's called SciShow Tangents. Check it out at https://www.scishowtangents.org ---------- Huge thanks go to the following Patreon supporters for helping us keep SciShow free for everyone forever: AAdam Brainard, Greg, Alex Hackman, Sam Lutfi, D.A. Noe, الخليفي سلطان, Piya Shedden, KatieMarie Magnone, Scott Satovsky Jr, Charles Southerland, Patrick D. Ashmore, charles george, Kevin Bealer, Chris Peters ---------- Looking for SciShow elsewhere on the internet? Facebook: http://www.facebook.com/scishow Twitter: http://www.twitter.com/scishow Tumblr: http://scishow.tumblr.com Instagram: http://instagram.com/thescishow ---------- Sources: https://www.nj.com/onlinegamblingnj/2013/12/how_the_sunk_cost_fallacy_can.html https://www.behavioraleconomics.com/resources/mini-encyclopedia-of-be/sunk-cost-fallacy/ https://www.sciencedirect.com/science/article/pii/0749597885900494 https://pressbooks.bccampus.ca/uvicecon103/chapter/1-2-opportunity-costs-sunk-costs/ https://psycnet.apa.org/record/1991-11275-001 https://www.frontiersin.org/articles/10.3389/fpsyg.2018.01136/full https://www.jstor.org/stable/258647?seq=1#metadata_info_tab_contents https://web.colby.edu/cogblog/2017/04/21/throwing-good-money-after-bad-why-we-fall-victim-to-the-sunk-cost-fallacy-and-how-to-beat-it/ https://www.ncbi.nlm.nih.gov/pubmed/17371099 https://journals.sagepub.com/doi/10.1177/1368430298012005 https://www.springer.com/us/book/9781461295518 https://journals.sagepub.com/doi/full/10.1177/0956797617752641 https://www.psychologytoday.com/us/blog/anxiety-files/201409/letting-go-sunk-costs Image Sources: https://www.istockphoto.com/photo/maybe-im-not-meant-for-a-desk-job-gm1131960080-299892824 https://www.istockphoto.com/photo/asian-gay-couple-having-argument-with-each-other-in-bedroom-thoughtful-gay-man-having-gm955632136-260912555 https://www.istockphoto.com/photo/american-dollar-bills-gm919003034-252773788 https://www.istockphoto.com/vector/business-and-banking-icons-gm601135230-103376317 https://www.istockphoto.com/photo/european-woman-hiding-face-under-the-clothes-she-is-oulling-sweater-on-her-head-gm1009926826-272238651 https://www.istockphoto.com/vector/female-cello-player-gm1146771562-309120715


Click here to view video on YouTube.