What is the opposite of the sunk cost fallacy and how can it be applied in decision-making processes?

The opposite of the sunk cost fallacy is the willingness to let go of past investments and focus on future outcomes. This approach, known as the opportunity cost mindset, involves considering the potential benefits of different choices without being influenced by past expenses. By applying this mindset in decision-making processes, individuals can make more rational and forward-thinking choices that are based on future gains rather than past losses.