Sunk cost "fallacy" and spite are in the past, guilt and shame in the future wrt any decision. "Irrational" only in the short term.
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@Meaningness@sarahdoingthing That's a good direction too. Clearly related to "errors" of discount rate. -
@Meaningness@sarahdoingthing modern economy & rule of law give highly predictable future returns, mismatch for our intuitions about risk.
End of conversation
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