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This work investigates the psychological and practical criteria required to determine when to abandon a failing project, investment, or commitment. The author explores the cognitive biases that prevent individuals from cutting their losses, utilizing organizational behavior research and decision-theory frameworks to provide a structured approach to exit strategies. By examining the intersection of sunk cost fallacy and rational goal setting, the text offers a methodology for identifying the point at which persistence becomes counterproductive.
What You Will Find
The subject matter points to a specialized, analytical text focused on the mechanics of decision-making and risk management. The framing suggests a pragmatic approach intended for professionals and individuals seeking to mitigate losses through disciplined evaluation.
Page Count:
0
Publication Date:
1987-01-01
ISBN-10:
0000872121
ISBN-13:
9780000872128
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