Comment on Is there a word, phrase, or trope for an idea that gets more popular the more it fails?
Drusenija@aussie.zone 2 weeks ago
Sunk cost fallacy is probably the most obvious one that springs to mind. Not unlike gambling in a sense, people feel they just need one big payout to win it all back and then some, so they keep betting, hoping that this time things will go in their favour.
lando55@lemmy.world 2 weeks ago
Sounds about right. This keeps happening at my job, executives throwing good money after bad in an attempt to get some return on their investment. If we had just cut our losses years ago we’d be in a much better place now.