LESSWRONG

Followup to: Sunk Cost Fallacy Related to: Rebelling Against Nature, Shut Up and Do the Impossible! (expanded from my comment) "The wo

Related to: Just Lose Hope Already, The Allais Paradox, Cached Selves In economics we have this concept of sunk costs, referring to costs

From Tversky and Khaneman's "The Framing of Decisions and the Psychology of Choice" (Science, Vol. 211, No. 4481, 1981): The following pr