My Worst Purchase Ever: A Story of Sunk Cost Fallacy | Listening Comprehension Practice

by | Aug 12, 2025 | Focus on Listening, Understanding Cognitive Biases

Introduction and Listening Tips

Welcome back to our listening comprehension practice series. Today, we’re listening to a monologue, which is a long speech by one person. This is a common format in academic lectures and talks you might encounter in exams like TOEFL or IELTS.

Here are some tips for tackling a monologue:

  • Follow the Story’s Arc: Monologues, especially stories, usually have a clear beginning, middle, and end. Try to identify the setup (the initial situation), the conflict (the problem), and the resolution (how it ended).
  • Listen for Tone: The speaker’s tone of voice (humorous, sad, angry) tells you a lot about their feelings and perspective. Even without seeing them, you can infer their attitude. The speaker today is described as humorous and relatable. Listen for that.
  • Don’t Lose the Main Idea: In a long speech, it’s easy to get lost in the details. Periodically ask yourself, “What is the main point the speaker is trying to make?” In this case, it’s about a bad purchase and the psychological reasons behind it.

Now, let’s listen to the story of the worst purchase ever.

Listening Audio

My Worst Purchase Ever

Listening Transcript: Please do not read the transcript before you listen and answer the questions.

Listening Quiz

Keywords & Phrases

  1. Takes the cake: An idiom meaning ‘to be the most outstanding or extreme example of something,’ often used negatively or sarcastically. The speaker uses it to say his coffee machine purchase was the absolute worst one he’s ever made.
  2. Given up the ghost: A colloquial phrase that means something has stopped working, died, or broken down permanently. The speaker says his old coffee maker had “given up the ghost.”
  3. Connoisseur: An expert judge in matters of taste. The speaker humorously claims he decided to become a “coffee connoisseur” as a reason for buying an expensive machine.
  4. Anchoring bias: A cognitive bias where an individual depends too heavily on an initial piece of information (the “anchor”) when making decisions. The speaker explains that the high price of the machine acted as an anchor, making him believe it was high-quality.
  5. Took the plunge: An idiom that means to commit to a course of action, especially after a period of hesitation. The speaker “took the plunge” when he finally clicked ‘buy’ on the expensive machine.
  6. Sunk cost fallacy: The tendency to continue an endeavor once an investment in money, effort, or time has been made, even if the current costs outweigh the expected benefits. The speaker demonstrates this by continuing to fix the machine because he had already spent so much money on it.
  7. Wallet-incinerating: A creative, descriptive adjective made by combining “wallet” and “incinerating” (burning to ashes). The speaker uses it to emphasize how catastrophically expensive his mistake was.
  8. Poor souls: A sympathetic term for people in a difficult or unfortunate situation. The speaker uses it to describe other people he saw in online tutorials who also bought the faulty machine.
  9. Throwing good money after bad: An idiom that means to waste more money on something that has already failed and is a lost cause. The speaker did this by buying parts and cleaning supplies for his broken machine.
  10. Epiphany: A moment of sudden and great revelation or realization. The speaker had an epiphany when he realized he needed to stop trying to fix the machine and just accept the loss.
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