Biden And Sunk Cost Fallacy

Sunk cost is a common error. From Wikipedia

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. Sunk costs are contrasted with prospective costs, which are future costs that may be avoided if action is taken. In other words, a sunk cost is a sum paid in the past that is no longer relevant to decisions about the future.

 

I suggest that Wikipedia add this photo to its definition of sunk costs.