Sunk-Cost and Status Quo Bias – Getting Over These Hurdles to Success
In last week’s article on how to prepare for drought, Dallas Mount talked about how our attachment to the animals we currently own can be detrimental to surviving a drought saying, “I won’t deny that having a home raised cow herd has advantages in experience and adaptivity. However, reluctance to liquidate cattle that we love … Continue reading Sunk-Cost and Status Quo Bias – Getting Over These Hurdles to Success
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