Cut losses on bad investments.

  • Sunk cost bias 0G2B2C1. (Admit failure).
  • Endowment effect 0G2B2C2. (Imaging not having it already).
  • Status quo bias 0G2B2C3. (Zero-based budgeting).
  • FOMO 0G2B2C4. (Reverse pilot to test real value).
  • Forcing things to work 0G2B2C5. (Get a second opinion).