How to Rethink a Bad Decision
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WorkLife with Adam Grant |
WorkLife with Adam Grant
• March 2021
In life and work, we have a hard time changing course. When we wind up in a miserable job, a failing project, or a floundering romantic relationship, we rationalize, make excuses, and stick with our bad decisions—even when the writing's on the wall. Why? Usually we assume the driving force is sunk costs: we don't want to admit we've wasted that time or money. But in fact, the root of our stubbornness is a psychological trap called "escalation of commitment." Once we understand that, we can start taking steps to protect ourselves from... well, ourselves. (Audio only)