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Dunning-Kreuger: People who are bad at stuff are usually so bad they don’t even know they’re bad to the point of thinking they’re good, while people who are good at stuff know their limitations and have less confidence than the idiots.
Sunk Costs Fallacy: spending a lot of money or resources on something that’s constantly broken or doesn’t work, in the belief that once you get it to work, it’ll all pay off, and that walking away from a losing proposition you’ve already put money into is a waste.
The sunk costs fallacy ought to easily be countered with the common wisdom of “cut your losses and give up”, but like the anchoring bias, once you get on the train it’s hard to get off.