11-20-2019, 03:16 PM
(11-20-2019, 03:09 PM)mavsluvr Wrote:(11-20-2019, 02:41 PM)SportPsychMav Wrote:Do you mean the illogical thought process that since you have already invested so much into something, that is reason enough in itself to invest more?(11-20-2019, 02:33 PM)mavsluvr Wrote:Knicks are their life, it's hard to move on. Most people don't have a life. Many live through video games, internet, tv-series, sports teams, brand fandom.(11-20-2019, 01:21 PM)ItsGoTime Wrote:It always amazes me how the Knicks fans never seem to move on and get a life.(11-20-2019, 01:16 PM)SportPsychMav Wrote: That's what the Knicks thought about Porzingis.Those games were for sure their game 6 and 7 of the finals.
Plus there is something called the sunk-cost effect if it interests you ?
It's close enough yes. Sunk cost means since you have invested, you rather stick it out than writing it off, even though riding it out increases your losses. Like staying in a bad movie because you paid for it even though you dislike the movie. I guess you could state it like you just did it's good enough.
Default bias and omission bias probably also play a role. Maybe even gamblers fallacy.