Chemerinsky, who characterized Newsom’s call for a constitutional convention on gun safety as misguided, said he agreed with Wiener and thought it was plausible that a constitutional convention could actually happen.

“The CFPB’s misguided attacks will embolden criminals, cost consumers more in fees, stifle small businesses and make it harder for thousands of community banks and credit unions to compete.”

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.

Although she said the King seemed to know about her "mischievous" side, when as a youngster she'd misguidedly tried to go upside one of the huge chimneys.

Rather than admitting defeat, the models often provided wrong answers, reflecting their usual misguided confidence.