@[email protected] to [Outdated, please look at pinned post] Casual ConversationEnglish • 11 months agoWhat is the 'sunk cost fallacy'? Is it ever a good thing?theconversation.comexternal-linkmessage-square11fedilinkarrow-up125arrow-down14
arrow-up121arrow-down1external-linkWhat is the 'sunk cost fallacy'? Is it ever a good thing?theconversation.com@[email protected] to [Outdated, please look at pinned post] Casual ConversationEnglish • 11 months agomessage-square11fedilink
minus-square@[email protected]linkfedilinkEnglish2•11 months ago The best expression is one quoted by economist Emily Oster: “If you don’t like your beer, stop drinking it.” But if you’re trying to develop an affinity for IPAs for some stupid reason, then shouldn’t you keep drinking it?
minus-squareℕ𝕖𝕞𝕠linkfedilinkEnglish4•11 months agoSure, that’s future-oriented. It’s stupid, but not fallacious. But if you’re just drinking it because you paid $8 and you don’t want to “waste it”, THAT is sunk cost fallacy.
But if you’re trying to develop an affinity for IPAs for some stupid reason, then shouldn’t you keep drinking it?
Sure, that’s future-oriented. It’s stupid, but not fallacious.
But if you’re just drinking it because you paid $8 and you don’t want to “waste it”, THAT is sunk cost fallacy.