Tech Talk; Real Impact.
Fuel for Your eCommerce Strategy.
Tag: sunk cost bias
16/04/25:
Conversion Rates
/
eCommerce
/
Retention
Sunk Cost Bias in eCommerce: Why Recognising It Can Improve Decision-Making
Sunk cost bias is a cognitive bias that compels individuals and businesses to continue investing time, money, or resources into a decision simply because they have already invested heavily in it. This psychological trap can...