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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[laughs in Taleb and Szabo]
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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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Not sure who to believe. Social physics has produced real, tangible results. Google/Facebook/White Hall use this daily. "Correcting" for cognitive biases has been shown to lead to objective improvements in defined policy objectives.
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I also see the other side. Let's forget ethics for a moment. Does behavioral economics "work?" Yes. Definitively. If the idea is to cast this aside because of ethics or perhaps more importantly, catastrophic tail risks of top-down policy, does this make the results untrue? No.
End of conversation
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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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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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this but for ad hominem [outgroup only]
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