4 ms·
I found the article mostly related to the sunk cost fallacy. Two of the the examples ($11 and the work overtime) are sunk cost fallacy since people don't know
by fierarul 17y ago
I found the article mostly related to the sunk cost fallacy.
Two of the the examples ($11 and the work overtime) are sunk cost fallacy since people don't know beforehand how long it's going to take and what the total gain/loss is going to be (how does one know beforehand that all the overtime will become a 10% wage increase?)
I would discuss some more but it makes no sense to dissect so little material that seemed to be more confusing than enlightening to me.
Of course, all this comment could be replaced by a downvote which doesn't exist here.