@sarahdoingthing @Johnwbh my theory: we consistently overestimate how easy and successful our plans will be.
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Replying to @admittedlyhuman
@sarahdoingthing@Johnwbh we have a number of countervailing biases to keep this from ruining our lives.1 reply 0 retweets 1 like -
Replying to @admittedlyhuman
@sarahdoingthing@Johnwbh once we are in the middle of the plan, we see how much harder and less successful it is1 reply 0 retweets 1 like -
Replying to @admittedlyhuman
@sarahdoingthing@Johnwbh sunk cost fallacy is needed to keep us from giving up and moving to a new plan which looks easier and better.1 reply 0 retweets 2 likes -
Replying to @admittedlyhuman
@admittedlyhuman@Johnwbh counterbalance to a pervasive under-estimation of switching costs?1 reply 0 retweets 0 likes -
Replying to @sarahdoingthing
@admittedlyhuman@Johnwbh I want to unify this with endowment effect and magical thinking about objects1 reply 0 retweets 0 likes -
Replying to @sarahdoingthing
@admittedlyhuman@Johnwbh (e.g. common human perception that objects take mystical essence from people/things they touch)1 reply 0 retweets 0 likes -
Replying to @sarahdoingthing
@sarahdoingthing@Johnwbh I doubt that last one has anything to do with optimism bias1 reply 0 retweets 0 likes -
Replying to @admittedlyhuman
@admittedlyhuman@Johnwbh I don't think sunk costs or endowment effect are about optimism but about commitment1 reply 0 retweets 0 likes -
@admittedlyhuman @Johnwbh hmm what does optimism have to do with positive affect though?
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