3 ms·

It's important for a good analogy to have these bases covered.

• Jtsummers 5y ago
  It's not an analogy, it's an example. And everything I listed in my comment came from the article: > On the day of the concert, you feel sick and it’s raining outside. You know that traffic will be worse because of the rain and that you risk getting sicker by going to the concert. So they did cover those elements. The point of the article is to discuss the sunk cost fallacy, which they did. The fallacy is choosing to go to the concert because you spent the $50 on the ticket, disregarding the other considerations or weighing them below the sunk cost in importance. If you go despite the issues they mention but because you think it's going to be worth it (in enjoyment, uniqueness, whatever) then you've made a decision that wasn't based on the fallacy. Which is what they discuss in the article.