Toyota says it would rather buy credits than ‘waste’ money on EVs

SeaJ@lemm.ee to News@lemmy.world – 204 points –
Toyota says it would rather buy credits than ‘waste’ money on EVs
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You would think at least one of their execs would have learned about the sunk cost fallacy in basic econ.

Honestly it's quite amazing how prone we all are to falling for the old sunk cost fallacy, that fallacy and confirmation bias have to be the two most popular cognitive issues for us as a species.

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