the sunk cost fallacy fallacy is branding a process as a sunk cost when it is merely slow
Nice fallacy you got there Would be a shame If it turned out To be incredibly rational https://unenumerated.blogspot.com/2012/08/proxy-measures-sunk-costs-and.html …pic.twitter.com/CjwNxO6w9Y
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I know what's wrong with my elderly car. Why would I swap it for another old car with unknown problems?
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[laughs in Taleb and Szabo]
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I think we're on a winning streak when it comes to taking down the biases bias. http://andrewgelman.com/2015/07/09/hey-guess-what-there-really-is-a-hot-hand/ …
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Also sunk costs bias protects against regression to the mean. (ie prevents you from thrashing a previous adaptation only to readapt to a short-termed trend.)
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