Fighting the Sunk Cost Fallacy
One person's innovative way of fighting the sunk cost fallacy:
All you have to do is to periodically pretend that you were magically teleported into your current situation.
Cognitive biases and Silicon Valley startups
Wednesday, November 25, 2009
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About the Rational Entrepreneur
The Rational Entrepreneur is a blog concerning the overlap between entrepreneurship and the modern tools of rationality.
Rolf Nelson is a lifehacker, Silicon Valley entrepreneur, math whiz, Harvard alum, ace server software developer, Xoogler, and future billionaire.*
*Note: the final claim is not reasonably falsifiable
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1 comments:
I am more apt to simply ask the question "Can you get your previous input back?" if the answer is no then it is settled.
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