A major way that the sunk cost fallacy hurts finances is by causing investors to stay committed to a misguided investment for too long or even allocate more to chase losses.

The public is invited to the grand opening and ribbon cutting of Next Cutz, 405 Harlem Heights Road, Oak Hill, at 1 p.m. Thursday, Dec. 12. Next Cutz Hair Salon is a full-service salon owned by Joseph ...