← L² Lab
🧠 Biases
Card 06
💰 🕳️ 🚶

You've watched 90 minutes of a terrible movie. Should you finish the remaining 30 minutes?

💭 Think About It

"I've already invested 90 minutes, I can't quit now!" This feels logical, but is it? Those 90 minutes are GONE—you can't get them back whether you stay or leave.

Should you finish the movie because you've already invested 90 minutes?

🎯 Explain your thinking

Why did you choose this answer?

🌈 Different Perspectives to Consider
Walk Away Forward-looking

Past investment is irrelevant—only future costs and benefits matter for rational decisions.

It Depends But on what?

The only valid factors are forward-looking: Will the ending be worth it? The 90 minutes should have zero weight.

Finish It Check your reason

If your reason is "because I already invested time," that's the sunk cost fallacy talking.

🤔 Which thinking lens(es) did you use?

Select all the lenses you used:

👨‍👩‍👧 For Parents & Teachers

🌱 A Small Everyday Story

"Finish your food—I paid for it!"
said Mom at the restaurant.
But the money was spent whether he ate or not.
Forcing more food just added discomfort
to an already-made payment.
The sunk cost was... sunk.
Only future stomachaches could be avoided.

See more guidance →

🧠 Thinking habits this builds:

  • Asking "What's the best use of resources FROM NOW?"
  • Recognizing that past investment is irrelevant to future decisions
  • Being willing to "quit" when continuing isn't optimal
  • Seeing quitting as sometimes the rational choice

🌿 Behaviors you may notice (and reinforce):

  • "The past investment doesn't matter for THIS decision"
  • Asking "Would I start this fresh right now?"
  • Leaving movies, putting down books, walking away from bad deals
  • Not eating food just because it was paid for

How to reinforce: When you catch yourself saying "But I've already invested..."—stop and ask together: "Does continuing make sense starting NOW? Or are we just protecting sunk costs?"

🔄 When ideas are still forming:

Some learners may take this too far and become serial quitters. Help them see that the question isn't "should I always quit?"—it's "should sunk costs influence the decision?" Sometimes continuing IS the right choice for forward-looking reasons.

Helpful response: "The point isn't 'always quit'—it's 'base the decision on future value, not past investment.' Sometimes continuing IS the best future choice!"

🔬 If you want to go deeper:

  • Study the Concorde fallacy (the classic example)
  • Explore loss aversion and how it creates sunk cost behavior
  • Discuss when commitment IS valuable (vs sunk cost fallacy)

Key concepts (for adults): Sunk cost fallacy, Concorde fallacy, loss aversion, opportunity cost, marginal thinking, escalation of commitment.