Arguments in favor of soldiering on with Blue Line extension represent the “sunk cost fallacy”
Photo: Tony Webster via Flickr (CC BY 2.0) (https://flic.kr/p/LvJVD1) In economics, a “sunk cost” is one “incurred in the past which is irretrievable and which is therefore irrelevant to any future decision-making.” A brewer, for example,…
