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Is there an official name for a situation where someone has invested so much in something to an extent that if he withdraws the investment right now it will cost more compared to keeping the status quo? I.e., to keep investing even though he is losing in the hope that someday the losing streak will end and he can start winning back?

Thanks.

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It sounds like it might be the Sunk cost fallacy https://www.logicallyfallacious.com/tools/lp/Bo/LogicalFallacies/173/Sunk-Cost-Fallacy

In poker, it's called pot committed. https://www.pokernews.com/strategy/understanding-what-it-means-to-be-pot-committed-20050.htm

  • It's called throwing good money after bad. – Drew Jan 27 '17 at 5:13
  • Thanks. It seems that Sunk Cost can also refer to a situation where the initial 'bad' money is a small amount therefore someone will not go ahead and stop at that point. However in the situation I am listing here the bad money is already a huge amount. – swoopin_swallow Jan 27 '17 at 14:07
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It's called throwing good money after bad.

throw good money after bad

Waste more money in hopes of recouping previous losses, as in Hiring him to improve that software is throwing good money after bad; it's based on an older operating system and will soon be obsolete . [Late 1800s]

-- American Heritage Dictionary of Idioms (The Free Distionary)

  • Thanks. Following what you suggested, I also found this link. But the effect I was looking for was something with an emphasis on the mentality/mindset of that hopeless status quo of keeping losing otherwise losing even more. – swoopin_swallow Jan 27 '17 at 14:10

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