Sunk Cost Fallacy
One may become biased toward the backup plan due to the sunk cost fallacy. Although this phenomenon normally refers to our tendency to stick to plans longer than we should because we’ve invested heavily in them (i.e., “throwing good money after bad”), the more resources we commit to our backup plan, the more likely we are to change course. So creating a backup plan often begets using the backup plan.
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Sunk Cost Fallacy
It describes our tendency to commit to something just because we've already invested resources in it—even if it would be better to give up on it.
How to control it: Always reevaluate your processes in light of new evidence.
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Humans are especially susceptible to the “sunk cost fallacy”—a psychological effect where we feel compelled to continue doing something just because we’ve already put time and effort into it.
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The sunk cost fallacy
It plays on this tendency of ours to emphasize loss over gain.
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