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>that's the sunken cost fallacy It's so much deeper than just sunk cost. The business represents your pride, your purpose and your identity. A closer analogy
by AussieWog93 5y ago
>that's the sunken cost fallacy
It's so much deeper than just sunk cost. The business represents your pride, your purpose and your identity.
A closer analogy would be a pet owner who spends thousands of dollars on surgery for a dying dog, just so it can live on in pain, rather than accepting the loss and putting it down.
- shreyshnaccount 5y agoI think it's related, and I say so because I read in one of the Yuval Harari books about war vets who had lost their limbs being more likely to support said war, and he attributed it to sunken cost fallacy. seems similar to the situation to me, but I think this is a case of different opinions and I respect yours and thank you for sharing it in a constructive way.
- matwood 5y agoAs a pet owner who has spent thousands on treatments, the number one thing always on my mind is what is best for the pet. What you are describing normally happens when people don't want to or can't spend the money and leave the pet crippled and in pain.
- AussieWog93 5y agoApologies for the implication. I'm not a pet owner myself and chose the analogy based on what I've heard other people say (possibly as a justification for putting down their pets).
- matwood 5y agoNo problem. It’s frustrating to see people get certain pet breeds with no thought to how much they cost to take care of. I’m friends with quite a few vets, and one of the hardest parts of their jobs is dealing with owners who didn’t think ahead about cost. It’s sad to see pets that with the right treatments would likely heal 100%, but the owner can’t afford it and instead tries to do the cheap treatment.