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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Replying to @sarahdoingthing
The capacity for all these make agents better cooperation partners and incidentally make cooperative equilibria more possible.
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Replying to @sarahdoingthing
@sarahdoingthing Mind expanding a bit on sunk costs?1 reply 0 retweets 2 likes -
Replying to @simplic10
@simplic10 becoming more committed to a thing, group, enterprise etc. the more energy/resources you expend toward it1 reply 1 retweet 1 like
@simplic10 so feeling "irrationally" bound by past investment promotes long-term groupishness, commitment, cooperation
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