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There's a flip side to the sunk cost fallacy: I might not fly around the world to pick up a $100 bill. But if I'm standing right next to it, I pick it up. Let
by FooBarBizBazz 5y ago
There's a flip side to the sunk cost fallacy:
I might not fly around the world to pick up a $100 bill. But if I'm standing right next to it, I pick it up.
Let's say this kid is right that 4 years for a McGill degree isn't worth it (though it is). That's not the decision now. The forward-looking cost is only one year, not four years.
Pick up the $100 first.
Also, a lot of the "college isn't worth it" arguments are for English degrees from West Podunk University. A CS degree from McGill is a completely different animal. One year? Worth it.