Examlex
Someone suffering from a lack of angiotensin-converting enzyme may have a problem with their
Sunk Cost
Sunk Cost represents money that has already been spent and cannot be recovered, often considered irrelevant to future economic decisions.
Lure of the New
A phenomenon describing the attraction or preference for novel products, technologies, or ideas over those that are more familiar or traditional.
Appeals to Tradition Fallacy
A logical fallacy that argues something is correct or better simply because it is traditional or has always been done.
Gambler's Fallacy
The erroneous belief that the outcome of a random event is influenced by previous outcomes, such as believing that a string of losses increases the likelihood of an imminent win.
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