The Old Adage,"Don't Throw Good Money After Bad" Is Another

question 133

Short Answer

The old adage,"Don't throw good money after bad" is another way to describe the decision-making trap of _____________________ also known as the "sunken costs fallacy."

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Definitions:

Synapse Change

Refers to the structural or functional modification of synapses, the junctions between neurons, which underlies learning and memory.

Learning Accommodation

The process by which individuals adjust their cognitive strategies or understanding to incorporate new information.

Habituation

A psychological learning process in which there is a decrease in response to a stimulus after being repeatedly exposed to it.

Habituation Response

A decrease in response to a stimulus after repeated exposure, an elementary form of learning or adaptation.