Category: Economics

  • The Sunk Cost Fallacy: Why We Throw Good Money After Bad

    Have you ever forced yourself to finish a bad movie because you already paid for it? Or continued a relationship past its expiration date because of all the time you’d invested? If so, you’ve fallen victim to the sunk cost fallacy. This common decision-making trap can lead us to waste valuable resources – time, money,…

  • Crony Capitalism: A Closer Look at the Distortion of Free Markets

    Crony capitalism, a term often whispered in the corridors of power and debated in economic circles, represents a significant deviation from the ideals of free-market capitalism. In this blog post, we delve into the intricate mechanisms examining its impact on economic systems and the broader societal implications. Unraveling the Core of Crony Capitalism At its…