There are college students that is experiencing this term
What is the term called when you realized you made a bad decision but you decide to continue it because you are too far in?
Sunk cost fallacy?
'but I've been believing in the sunk cost fallacy for too long to quit now!'
Doubling down on your sunk cost?
That's the joke
Tripling down on your sunk cost?
Yo,Dawg, I hear you like the sunk cost fallacy
Quadrupling down on your sunk cost?
Quintupling down on your sunk cost?
SEXtupling down on your sunk cost?
Haha, nice
I personally believe in the sunk cost fallacy fallacy.
Oh no, you're falling for the sunk cost fallacy fallacy fallacy!
At that point you've reached sunk cost fellatio.
I can't upvote your post as its currently on 69. But just know I approve this response!
Did it for you at 136
Also known as the Concorde Fallacy.
Also the double down
That’s a sandwich from KFC
Which is ironically also a logical fallacy
Personally I’d consider that a biological fallacy.
It is an affront to god and nothing less.
If I’m affronting God, I don’t wanna be right
Aptly named, because you eat half, and feel so shitty about your life that you eat the other half just to try and feel better.
Life is short. Make it shorter.
I just learned that from Better Call Saul
I'm too far in, I can't change terms now
Yes, OP this is exactly it. Sunk Cost Fallacy is the phenomenon whereby a person is reluctant to abandon a strategy or course of action because they have invested heavily in it, even when it is clear that abandonment would be more beneficial.
This is a great definition of being in a toxic relationship for too long.
Heck yeah or not getting out because they owe you money
Money is always tricky. Best bet is just to cut all your loses and move on.
Been there, done that, no T shirt, but lots of heartache
So like Putin's invasion of Ukraine?
Exactly
I call it fuck it, let’s go with it.
I have always thought it was the time sunk fallacy
People overuse this. The key to the sunk cost fallacy assumes that if you reevaluate your situation you’d be better off stopping. If you’re on your last year of university, saying you’re not gonna stop cuz you’ve gotten this far isn’t sunk cost fallacy, it’s the fact that you now only need one year to get a college degree rather than four years. The cost has gone down.
So while you might not have done the same thing as before and enrolled if you had to do a full years, that last year might still be worth it to finish. That’s not sunk cost fallacy. But people love to just say “sunk cost fallacy” when it really isn’t. Applies to a lot of other fallacies too.
Edit: just to be clear, my clarification is that this situation isn’t ALWAYS a fallacy, just sometimes.
So it's not a sunk cost fallacy if you take into account the cost that's already been sunk into it?
If the only reason they continue on, when quitting would be the objectively correct course of action, is that they have already spent 3 years doing it, then they've fallen into a sunk cost fallacy.
I agree that that scenario is unlikely, but that doesn't mean "sunk cost fallacy" would be the wrong answer to the question as it was stated.
The problem is there is no one hundred percent correct term for the example you are giving. Technically your example of being one year from completing college isn't a sunken cost fallacy. But sunken cost fallacy is the closest term in the English language to what it actually is, so people are going to use it anyway - just as a means of getting their point across without having to give a TED talk about it.
the OP said a bad decision specifically, which i would argue doesnt really apply to getting a degree in most cases
"Fuck it."
This is indeed the technical term for such a circumstance
This is the right answer. In French it is « fuite en avant ».
My french is bad is there a littoral translation?
*literal
You're English isn't grate ether.
*Your
Youre’s
Forward escape/flight
I've literally never heard that but Google tells me it is a thing so TIL I guess
I’d argue it’s « et merde ! » too lol
My previous relationship
We ball.
Was looking for this!
Came here just to say this. I knew someone else would've already said it, but at that point....fuck it
For years I said "fuck it" then for years I said "fuck this" now I'm saying "what the fuck" and soon it'll be "fuck this shit, I'm out bitches"
-Mahatma Dick In Your Mouth
This response should have upvotes in the thousands. Not only is it funny, but it is true to the max.
I think the proper term is actually...."Durrrrrrrrrrrrr"
Here's your answer!
"In too deep"?
And I’m trying to keep
Up above in my head
instead of going under, instead of going under
Again
Oh, ya, that makes a lot more sense than "A ba-bomb in my head"
when i heard this song as a kid i always thought they were saying "all the blood in my head"
Balls deep
Doubling down
This was my first thought. Second thought was past the point of no return.
Pot committed.
Beat me to it, this phrase is literally exactly what OP is describing.
I immediately thought pot committed. All the times I’ve lost on the turn card. Sometimes I pay just to see the river even though I know I shouldn’t.
But doubling down implies the possibility of winning.
Eh, does it tho? Whenever the term "doubling down" is used, everyone knows that the person is wrong.
It absolutely does. I double down in blackjack in the hopes I can win more money. In making bad decisions, you double down in the hopes that one of your decisions fixes the other. You only ever hear it used when someone fucks up twice and someone else goes "You had the chance to do the right thing but you doubled down.".
Point of no return
Past the point of no return
The final tHRESHOLD
What warm, unspoken secrets will we learn
No backward glances
The games we played til now are at an eeennnnddd
We’re past the point of no returrnnnn
Thanks. Now it’s stuck in my head for the rest of the night.
This.
There's another term, tho, that escapes me.
Another term for going past a point of no return is “crossing the Rubicon” or just a Rubicon.
"The die is cast" or "you don't change horses mid-race" come to mind as well
Pot Committed
Came here to say this
After scrolling for several minutes and not finding this answer, I had to keep going because... well, you know...
All in
This is what OP was looking for.
This is way too low. Outside of sunk cost fallacy, this is the only other term for it.
"Might as well be hung for a sheep as a lamb."
17th century English expression
Life
In for a penny, in for a pound.
In a similar vein, "throwing good money after bad"
it really depends on whether it has a positive connotation.
In aviation, we know it as resignation. It's one of the 5 hazardous attitudes, along with; anti-authority, macho, impulsivity and invulnerability.
Past the point of no return
It affects gamblers in a massive way also
Sometimes it’s this, but sometimes the cost of what you’ve already done is so great you can only afford to keep going and hope it’s works out.
If your car can go 80 miles on a tank of gas, once you go past 40 miles you kind of have to just keep going in the hopes there’s a gas station less than 40 miles away, since you couldn’t make it back even if you tried.
I think "pot committed" from poker works better here because you're still making a good decision it's just that you've created a bad situation where even a "good decision" is one you wish you wouldn't have to make
https://www.pokernews.com/strategy/understanding-what-it-means-to-be-pot-committed-20050.htm
I’d probably just call it past the point of no return
Yea same concept and probably makes sense to more peoole
Found the Cadillac CT5 V owner. 80 miles on a tank of gas is about right.
More akin to, you just put new brakes and tires on the old car 3 months ago (the sunk costs), and now it needs major transmission repairs and more issues are found when it is put on the rack. The fallacy is thinking you have to do the new repairs so you don't lose what you put in for brakes and tires.
It's better to junk the old car and put what you would have spent to fix the transaction into one in better shape. If you can sell those newer tires to someone, that's cost recovery.
That is… like to an absolute T the sunk cost fallacy. In this scenario I’m assuming there’s no guarantee of a gas station at all, so anything from a 1 mile walk up to a 39 mile walk is the better choice for me. Although my mindset has definitely gotten me into trouble before, too, with the fallacy fallacy (just because it’s a fallacy doesn’t mean it’s inherently wrong).
Stubborn
Leeerooy Jeenkins
GODDAMMIT LEROY.
STICK TO THE PLAN
I've always heard it referred to as "plunging". It also applies to people who try to win back big gambling losses
Commitment.
You’ve “crossed the rubicon.”
Pot committed?
Yeah, I use this one. Used to play a lot of poker, and it stayed in my vocabulary.
Cognitive Dissonance.
The more you put in the pot, the more your brain will resist accepting any truth that it's bad to continue. too much to lose.
Brexit
Marriage.
Came here to say the same lol
Post nut clarity
Ha! For real
FUBAR
Money in the lake
Parenthood
Dedicated insanity
In poker they call it being pot committed
Sunk cost fallacy
In for a penny, in for a pound
Re enlistment
YOLO
Marriage.
Sunk cost fallacy.
You’re talking about the Sunk Cost Fallacy, which is one of the more famous (but still practiced) logical fallacies. In short, it’s the mistaken belief that you’ve spent too much money, time, effort, etc. on something so you can’t afford to cut your losses and start over differently. It’s why you see someone stick with a crappy car (as an easy example) that they constantly have to repair, instead of getting rid of it and buying a new one. Same with bad relationships. Ever hear someone say, “Yeah, I’m not that happy, but we’ve been together for so long I just don’t want to start over with someone new”? That’s Sunk Cost Fallacy at its finest.
Past the point of no return.
Pot committed
Not sure what it is called, but I look at these situations like this: you’re going down the wrong road, does it lead to a road where you can get back on track, or is it best to cut your losses and turnaround now because this road will never go where you want.
Sunken cost theory
Sunk Cost fallacy.
In other words, if you're in a hole, stop digging.
In German, you throw good money after the bad.
I wanted to say "marriage" before I saw the rest of the post, but...yeah
Government project
When this happens to you, you did a government project / were government projected
Stupidity.
Being stubborn and willfully ignorant.
YOLO!
Perseverance
Sally Fourth
Ah, my abusers did this. And instead of making things right they've seemingly made a commitment to making everything ambiguous and doubling down on their stupidity to the point of pretending I'm someone else entirely.
Sunken cost dilemna. Accept that the resources you already invested in your venture are gone forever then decide whether to continue or abort
RemindMe! Tomorrow
Escalation of commitment or commitment bias. Sunk cost fallacy is the tendency, escalation of commitment is the manifestation.
Woke
Sunk cost fallacy
Copium
Sunk Cost Fallacy.
sunk cost fallacy
Sunk cost fallacy
Marriage
Stupid?
Sunken cost fallacy.
Sunk cost fallacy?
Crossing the rubicon
Sunk cost fallacy
Sunk cost fallacy.
Basicalky you regret everything invested so far, so you think you can at least see it through, not realising no matter how much more you inves, it won't bring the desired outcome.
Marriage
Resignation
The technical term is "Sunk cost fallacy"
I also like the phrase "Throwing good money after bad"
Throwing good money after bad
marriage
Fuck it, we ball
Sunk Cost Fallacy, throwing good money after bad, technical debt.
sunk cost
Doubling down
Sunk cost fallacy
Fubar?
I believe the the term is called “fuck it”
From my own experiences (sadly). You bought the ticket, take the ride.
“Escalation of commitment”
Throwing good money after bad
Slang term:
"Might as well be hanged for a sheep than a lamb."
In for a penny in for a pound? It's not specifically for bad decisions but it works I think
Fake it til you break it
Sunk costs
“If I take one more step Mr. Frodo, it’ll be the furthest away from home I’ve ever been”
Having too much invested.
Like in "I have too much invested to exit now. I have to make it work out."
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