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In economics and business decision-making, a sunk cost (also known as retrospective cost) is a cost that has already been incurred and cannot be recovered. [ 1 ] [ 2 ] Sunk costs are contrasted with prospective costs , which are future costs that may be avoided if action is taken. [ 3 ]
The fallacy only seems to hold water if your budget is unlimited, which is impossible in the real world. If my budget is $100, and a sunk cost is $50, then all I have left is $50 to spend on future costs. My sunk cost most definitely affects what I can or cannot do going forward so is a real, ongoing factor and does bring future consequences.
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"Sunk Costs" is the third episode of the third season of the AMC television series Better Call Saul, the spinoff series of Breaking Bad. The episode aired on April 24, 2017 on AMC in the United States. Outside of the United States, the episode premiered on streaming service Netflix in several countries. [1]