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Sunk cost fallacy. Russia's blunders will be one for the history books and will be in lectures of geopolitical and military academies for a long long time.
It's more a classic lesson in authoritarianism. Yeah, they can do things that are hard to do in a democracy, but they can also drag down the country with them and you can't vote them out.
I wouldn't be surprised to learn that the war was started as a way to get the military away from him because they were plotting.
Was he not popular amongst the military before the war? Why would they have been plotting against him?
Not quite. If Putin surrenders now he'll be falling out of a window, so this is more or less rational self-preservation on the part of the people actually making these decisions.
There were several ready offramps at certain stages throughout. Now that you're broke and starting to lose ground it's harder to declare victory and erect a statue.
Surrender? I like the way you think but I'd settle for an end of war. Either way, for what he has done to Russia, I think he's on his way out a window either way. The public would be greatful for a change in leadership. Putin opened his own window.
Even if it wasn't a surrender, it'd definitely be spun as such by his political rivals. He needs to save face somehow and the only way to do that is new territory that Ukraine isn't going to let him have.
It's not really sunk cost fallacy. It's just doing what keeps him alive at this point.