Have you ever been at a certain point in your life when you continued to make bad investments despite your losses, or were you unable to end a relationship that needed to end because you spent years trying? If your answer to these questions is “yes”, you may be experiencing Concorde syndrome.
What is Concorde Syndrome?
Concorde syndrome is a condition that involves investing more while avoiding the loss of the invested resource, rather than considering the overall losses involved in an investment.
What behaviors does an individual with Concorde syndrome exhibit?
In Concorde syndrome, individuals cannot give up their efforts even when they begin to suffer from a job in which they have spent a lot of material and moral effort or when they begin to receive unsuccessful and dysfunctional results.
The situation where the effort cannot be given up and the losses increase causes depressive symptoms such as loss of interest and pleasure in daily activities, feeling of guilt and worthlessness, impaired concentration, difficulty in making decisions, changes in sleep and appetite; It can cause conditions such as low self-esteem and damage to self-confidence.
In what situations can Concorde syndrome occur?
Concorde syndrome can be observed in many areas of human life.
• Not being able to give up on the plan despite adverse conditions,
• Hobbies or courses continued even though they are not productive,
• Not being able to end an unhealthy relationship/marriage,
• Watching a movie you don’t like until the end,
• Situations such as not being able to give up on plans due to financial investment may be reflections of Concorde syndrome.
In Concorde syndrome, individuals take action because of their losses rather than their gains, and they exhibit more risky behavior to recover what they have lost. When evaluated from a financial perspective, Concorde syndrome is also called the “False of Money”. Losses are assessed in financial terms and the process does not involve emotional or time investments.
Concorde syndrome does not only manifest itself in the financial sphere, but can also occur in human relations, in situations where we cannot give up because we have made emotional investments in the past.
Especially in romantic relationships, the fact that the party who works hard has a greater desire to continue the relationship despite the deadlocks in the relationship is a sign of this illusion.
Who usually gets Concorde syndrome?
While Concorde syndrome, which we see in romantic relationships, is more frequently observed in women; Concorde syndrome is more common in men due to financial reasons, also known as the “False of Money”.
How to deal with Concorde syndrome?
When a person realizes that he/she is experiencing Concorde syndrome, he/she must first organize the ‘benefit-loss analysis’ of the process he/she is in. A realistic decision is beneficial if it is made based on future gains, not on past investments. If the individual cares about the damage he suffers and continues to move forward in line with more logical choices, it turns the negative trend into a positive one and provides an opportunity for the process to progress more healthily.