sunk costs

By Hal Canary, 2011-05-27 20:33:07 (link)
#found-on-the-internets;#rationality

For a case where sunk costs exist, imagine that you are a new person who was just now teleported into this person's life. Variant: Imagine you were just teleported into this person's life, and everyone else knows this, and they all expect you to execute sudden changes of course. See what this changes about your thinking, regardless of whether it changes your decision. (source)


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