Posts Tagged ‘waste’

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    Sunk Costs: When to Cut Your Losses?

    Jan 17, 13 • 198 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Economic Debates, Government, Macroeconomic Measurement, Regulation, Thinking Economically, UncategorizedNo Comments

    Several days ago, during a phone call, I was asked to “hold” for a moment. 5 minutes passed. No one returned. I considered hanging up but thought, I’ve already waited 5 minutes. They will have been wasted if I leave. 10 minutes passed. Still