Wikipedia Article that Perfectly describes the Orioles' Approach toward struggling veterans

[FanSince88]

http://en.wikipedia.org/wiki/Sunk_co...k_cost_fallacy

Many people have strong misgivings about "wasting" resources (loss aversion). In the above example involving a non-refundable movie ticket, many people, for example, would feel obliged to go to the movie despite not really wanting to, because doing otherwise would be wasting the ticket price; they feel they've passed the point of no return. This is sometimes referred to as the sunk cost fallacy. Economists would label this behavior "irrational": it is inefficient because it misallocates resources by depending on information that is irrelevant to the decision being made. Colloquially, this is known as "throwing good money after bad".

The sunk cost fallacy is in game theory sometimes known as the "Concorde Fallacy", referring to the fact that the British and French governments continued to fund the joint development of Concorde even after it became apparent that there was no longer an economic case for the aircraft. The project was regarded privately by the British government as a "commercial disaster" which should never have been started, and was almost cancelled, but political and legal issues had ultimately made it impossible for either government to pull out.

[Gurgi]

Comes down to embarrassment.

[OFFNY]

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