Connect with us

Hi, what are you looking for?

Politics

Gov. Newsom Appeals to the Sunk Cost Fallacy to Promote the Failed Bullet Train

Published

In the world of private enterprise, business owners pay attention to costs already incurred that cannot be recovered, also known as “sunk costs.” Government officials, however, see sunk costs as an incentive to promote public projects where costs clearly outweigh benefits.

In this article:
Advertisement

    You May Also Like

    Stocks

    SP600 (IJR) Silver Cross BUY Signal May Arrive Too Late

    Today on the S&P 600 (IJR), the 20-day EMA nearly crossed above the 50-day EMA for a “Silver Cross” IT Trend Model BUY Signal....

    January 31, 2025

    Business

    UK inflation surges to 3.5% in April as household bills climb in ‘awful April’

    UK inflation rose faster than expected last month, climbing to 3.5% in April—its highest level in more than a year—driven by a raft of...

    May 21, 2025

    Stocks

    Hotel Stocks Spike: Why You Should Add These Stocks to Your Portfolio

    When you think travel industry, airline and cruise line stocks are usually top of mind. A lesser-known category in the industry is hotel stocks,...

    February 7, 2025

    Stocks

    Week Ahead: NIFTY Stares At Crucial Support; RRG Hints At Defensive & Risk-Off Setups

    In what can be called an indecisive week for the markets, the Nifty oscillated back and forth within a given range and ended the...

    February 8, 2025