/
Knowledge Hub
/
Escalation of Commitment and the Sunk Cost Fallacy

Trader Psychology

Free online course covering trading psychology

section 1

Escalation of Commitment and the Sunk Cost Fallacy

unit 1 / 10

The more you research into human cognition, the more questionable you become about what you take for granted. Features of your mind that you may have regarded as utterly rational, are demonstrated as huge cognitive blind spots that we're actually all afflicted with to some degree. Once you realise that your decision-making faculties, your ability to categorise incoming data, and even the veracity of your own memories can be compromised, it becomes clear just what a monumental project becoming a trader is.

next section

Blindfolded on a Mountain Range

8 units