When you make a decision, you’re doing it with limited information. As things unfold, you may get new information. That new information reveals that another option is better.
There are, of course, costs to quitting. Part of a good decision-making process involves factoring in the costs of quitting. The lower the cost of quitting, the faster you can make decisions because it makes it easier to change course partway through as you get more information. When the cost of quitting is low, that can also be an opportunity to experiment and learn more about the world or your own preferences.
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The sunk cost fallacy is one of the primary reasons you are so afraid to quit anything. It occurs when you tell yourself that you can’t quit because of all the time or money you have already spent. The idea of all of that going to waste is what is keeping you at bay, paralyzed at th...
Sunk cost is about the past. Opportunity cost is about the future.
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Fantasizing about dramatically quitting your job by shouting at your boss and trashing the computer before exiting the building is a huge red flag that something needs to be corrected in your work life.
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