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The Sunk Cost Fallacy
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Topic: The Sunk Cost Fallacy (Read 1914 times)
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Kerry
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The Sunk Cost Fallacy
«
on:
August 01, 2014, 12:47:30 AM »
The Sunk Cost Fallacy.
http://bigthink.com/videos/julia-galef-on-the-sunk-cost-fallacy
Video ( 3 minutes ) and transcript.
http://en.wikipedia.org/wiki/Sunk_costs
http://www.lifehack.org/articles/communication/how-the-sunk-cost-fallacy-makes-you-act-stupid.html
Food for thought.
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kdub, kdub_nz in other timelines.
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Everything will work just as you expect it to, unless your expectations are incorrect.
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CADbloke
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Re: The Sunk Cost Fallacy
«
Reply #1 on:
August 01, 2014, 01:44:57 AM »
Related and a smorgasbord for thought:
http://www.farnamstreetblog.com/2013/09/the-art-of-thinking-clearly/
...although the book they refer to is (apparently) an impressive exercise in plagarism (see:
http://www.fooledbyrandomness.com/dobelli.htm
- linked at the bottom of the post) it is still worthy of consideration, if not actual cash.
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