{"id":28789,"date":"2024-07-22T11:49:15","date_gmt":"2024-07-22T09:49:15","guid":{"rendered":"https:\/\/phoneenglish.es\/blog\/?p=28789"},"modified":"2025-02-17T12:07:11","modified_gmt":"2025-02-17T11:07:11","slug":"the-sunk-cost-fallacy","status":"publish","type":"post","link":"https:\/\/phoneenglish.es\/blog\/2024\/07\/the-sunk-cost-fallacy\/","title":{"rendered":"The Sunk Cost Fallacy"},"content":{"rendered":"\n<p><strong><em>B2 &#8211; Upper Intermediate<\/em><\/strong><\/p>\n\n\n\n<p>Have you ever made a bad decision and felt the need to correct or fix your mistake? Everyone in this world has experienced lapses in judgment from time to time but the way they cope with their errors varies from person to person. Unfortunately, not all of these methods are heathy or even beneficial, such as the sunk cost fallacy.<\/p>\n\n\n\n<p>Watch the video to learn more about the sunk cost fallacy.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Know When To Quit - The Sunk Cost Fallacy\" width=\"580\" height=\"326\" src=\"https:\/\/www.youtube.com\/embed\/ZKZ6EOeyvOE?wmode=transparent&amp;rel=0&amp;feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong>Vocabulary Questions:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>What does &#8220;<strong>sunk cost<\/strong>&#8221; mean?&nbsp;<em>\u201cI know that there are plenty of other reasons why people stay together, but <strong>sunk cost<\/strong> is definitely up there.\u201d<\/em> Use this term to make your own sentence.<\/li>\n\n\n\n<li>Explain the meaning of the idiom &#8220;<strong>to call it quits<\/strong>&#8220;.&nbsp;<em>\u201cIt&#8217;s better <strong>to call it quits<\/strong> now and save yourself from future misery.&#8221;<\/em> Give two (2) synonyms or similar expressions and create a sentence using this phrase.<\/li>\n\n\n\n<li>What does &#8220;<strong>to dig a (bigger) hole<\/strong>&#8221; mean?&nbsp;<em>&#8220;If you continue to pour more resources into a failing project, you&#8217;re just <strong>digging a bigger hole<\/strong> for yourself.&#8221;<\/em> Use &#8216;to dig a bigger hole&#8221; in your own sentence.<\/li>\n<\/ol>\n\n\n\n<p><strong>Discussion Questions:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>What is the psychology behind sunk cost fallacy?<\/li>\n\n\n\n<li>What are your thoughts about sunk cost fallacy?<\/li>\n\n\n\n<li>Why do you think sunk cost fallacy is wrong?<\/li>\n\n\n\n<li>Does the sunk cost influence your decisions? Explain.<\/li>\n\n\n\n<li>Talk about your personal experience with the sunk cost fallacy.<\/li>\n\n\n\n<li>Give other examples of sunk cost fallacy.<\/li>\n\n\n\n<li>When do we know that it is time to quit? <\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>B2 &#8211; Upper Intermediate Have you ever made a bad decision and felt the need to correct or fix your mistake? Everyone in this world has experienced lapses in judgment from time to time but the way they cope with their errors varies from person to person. Unfortunately, not all of these methods are heathy [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[291,292,290,335,14],"class_list":["post-28789","post","type-post","status-publish","format-standard","hentry","category-homework","tag-b2-upper-intermediate","tag-first-certificate-fce","tag-listening","tag-psychology","tag-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Sunk Cost Fallacy | phone english blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/phoneenglish.es\/blog\/2024\/07\/the-sunk-cost-fallacy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Sunk Cost Fallacy | phone english blog\" \/>\n<meta property=\"og:description\" content=\"B2 &#8211; Upper Intermediate Have you ever made a bad decision and felt the need to correct or fix your mistake? 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