The Sunk Cost Fallacy

Ovo je nekakav podnapis

Jan 24, 2024

But we already talked about it and we went through all that..."

In my opinion (and based on my experience), the bias created due to a significant and prolonged investment in an idea, concept, or work is the trickiest. It creates a false consensus bias for the entire team as a collective entity. And when I say the entire team, I don't just mean designers. It includes upper management, product managers, and leaders of other teams as well.

I found myself caught in that trap. During those moments, I didn't know how to explain that phenomenon or whether such a concept as a phenomenon even existed. However, I thought that the whole team was under an illusion about a certain thing. It is very easy to slip in that direction.

So, what would be the ways to avoid this?

I assume (the mother of all misleads) that in a perfect scenario, you have another designer (or even a PM) who is familiar with and has essential background knowledge of the problem but has not made that significant investment in that particular case. They can jump in and bring a new, more realistic perspective.

And to what extent does even more frequent testing of the concept itself help? Without, of course, creating additional investment debt.

But we already talked about it and we went through all that..."

In my opinion (and based on my experience), the bias created due to a significant and prolonged investment in an idea, concept, or work is the trickiest. It creates a false consensus bias for the entire team as a collective entity. And when I say the entire team, I don't just mean designers. It includes upper management, product managers, and leaders of other teams as well.

I found myself caught in that trap. During those moments, I didn't know how to explain that phenomenon or whether such a concept as a phenomenon even existed. However, I thought that the whole team was under an illusion about a certain thing. It is very easy to slip in that direction.

So, what would be the ways to avoid this?

I assume (the mother of all misleads) that in a perfect scenario, you have another designer (or even a PM) who is familiar with and has essential background knowledge of the problem but has not made that significant investment in that particular case. They can jump in and bring a new, more realistic perspective.

And to what extent does even more frequent testing of the concept itself help? Without, of course, creating additional investment debt.

Comments