#sunkcost — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #sunkcost, aggregated by home.social.
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RE: https://mstdn.social/@Npars01/116541720134878441
This is one of those "embrace the power of AND" because it's that and so much more. It's the #grift that keeps on #grifting.
Begin with the assumption that anything that costs so much *must* be Important. Worthy. and all the other adjectives in the #Sunkcost box of excuses.
Then go on to the "It's New Technology, of course it's not good. Yet." and all the rest of the #alpha BS. Some of y'all sign up for #beta access, but alpha is the one they force into every app on every platform they can manage.
It's this ubiquity that is going to make the burst so horrific.
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RE: https://mstdn.social/@Npars01/116541720134878441
This is one of those "embrace the power of AND" because it's that and so much more. It's the #grift that keeps on #grifting.
Begin with the assumption that anything that costs so much *must* be Important. Worthy. and all the other adjectives in the #Sunkcost box of excuses.
Then go on to the "It's New Technology, of course it's not good. Yet." and all the rest of the #alpha BS. Some of y'all sign up for #beta access, but alpha is the one they force into every app on every platform they can manage.
It's this ubiquity that is going to make the burst so horrific.
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RE: https://mstdn.social/@Npars01/116541720134878441
This is one of those "embrace the power of AND" because it's that and so much more. It's the #grift that keeps on #grifting.
Begin with the assumption that anything that costs so much *must* be Important. Worthy. and all the other adjectives in the #Sunkcost box of excuses.
Then go on to the "It's New Technology, of course it's not good. Yet." and all the rest of the #alpha BS. Some of y'all sign up for #beta access, but alpha is the one they force into every app on every platform they can manage.
It's this ubiquity that is going to make the burst so horrific.
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RE: https://mstdn.social/@Npars01/116541720134878441
This is one of those "embrace the power of AND" because it's that and so much more. It's the #grift that keeps on #grifting.
Begin with the assumption that anything that costs so much *must* be Important. Worthy. and all the other adjectives in the #Sunkcost box of excuses.
Then go on to the "It's New Technology, of course it's not good. Yet." and all the rest of the #alpha BS. Some of y'all sign up for #beta access, but alpha is the one they force into every app on every platform they can manage.
It's this ubiquity that is going to make the burst so horrific.
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A quotation from Hyman Rickover
Another principle for successful application of a sophisticated technology is to resist the human inclination to hope that things will work out, despite evidence or suspicions to the contrary. This may seem obvious, but it is a human factor you must be conscious of and actively guard against. It can affect you in subtle ways, particularly when you have spent a lot of time and energy on a project and feel personally responsible for it, and thus somewhat possessive. It is a common human problem and it is not easy to admit what you thought was correct did not turn out that way.
Hyman Rickover (1900-1986) American naval engineer, submariner, US Navy Admiral
Essay (1979-05-24), Statement before the Subcommittee on Energy Research and Production, Committee on Science and Technology, US House of RepresentativesMore about this quote: wist.info/rickover-hyman/82149…
#quote #quotes #quotation #qotd #hymanrickover #bias #commitment #engineering #error #hope #investment #miscalculation #possessiveness #project #projectmanagement #research #sunkcost #wrong
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In my observation, #SunkCost, #ego, and #MotivatedReasoning are the reasons why people, groups, and communities fall into patterns, and why breaking these patterns can be challenging.
Excess time, energy, and money have been expended and value must be returned to justify the expenditure.
The time, energy, and money benefits someone or some team’s self-image and status.
The justification and optics are wound up in a rationale.
My $0.02.
I don’t make the rules.
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#CoreValues aren’t “core” until, and unless, they cost you something.
Friction - intellectual, emotional, or even physical - is a leading indicator of the #SunkCost.
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@PragmaticAndy @johannarothman @RonJeffries @marick
My thesis is that #SunkCost, #ego, and #MotivatedReasoning is why we can’t have nice things.
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#Irrational escalation of #commitment is reflected in such proverbial images as "throwing good money after bad", or "In for a penny, in for a pound", or "It's never the wrong time to make the right decision", or "If you find yourself in a hole, stop digging". https://en.wikipedia.org/wiki/Escalation_of_commitment
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Very insightful distinction.
As you said it is an continuum.
I don't think that "when you add software to improve 'security', you (only) increase the attack surface area risk from the new software itself."
(I added the "only" to make it more pointed ;-)I think that there is "security code" which, while it increase the attack surface, nevertheless is beneficial.
Examples
* Code processes and verifies signed updates increase the attack surface but is very likely more secure.
* Code which logs security event increase the attack surface but is probably very beneficial.I like to point out hardware development, debugging interface increase the manufacturing costs and introduce additional failure options, nevertheless you will find them in most hardware because the benefit outweighs the costs.
The important bit is to make the informed decision an be ready to reverse it. Meaning if code (security or otherwise) turns out not to be as beneficial as thought, remove it!
And that is were in my experience, the #SunkCost fallacy kicks in. The argument goes somewhat "the code is there and provides a marginal/unknown benefit. Removing it cost resources. So just keep it"
This is fatal because keeping it cost more on the long run.
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#SunkCost, #ego, and #MotivatedReasoning have high R-squared and low p-value for model explainability: https://thecanadian.social/@mike/111030070425084238 via @mike
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Some people hold onto their #sunkcost, #ego, and motivated reasoning to justify their rhetoric and worldview to the maw of a gaping blackhole where empathy, conscience, and character should be.
Those people are #AntiNormie.
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“Some people believe holding on and hanging in there are signs of great strength. However, there are times when it takes much more strength to know when to let go and then do it.” ― Ann Landers
"The Big Accomplishment - A Gift I Can Decline" ... New Blog Post:
https://livingtheemersonrule.com/the-big-accomplishment-a-gift-i-can-decline/#gift #sunkcost #sethgodin #letgo #amwriting #theemersonrule
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What is opportunity cost? A definition and examples - Opportunity cost is the potential benefit that is missed out on w... - https://cointelegraph.com/news/what-is-opportunity-cost-a-definition-and-examples #opportunitycost #cryptotrading #cryptomining #sunkcost
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That priceless moment when you wonder:
A) is it easier to fix the local git mess you've made
B) Just start over in a fresh local copy#SoftwareDevelopment #git #WebDevelopment #ux #dx #SunkCost #WebDev #SunkCostFallacy
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Is there a name for the following fallacy?
You don’t keep going with something because you have already sunk so many costs. You keep going because you underestimate the remaining costs and think it‘s a good deal. In reality you just keep bashing your head against the wall.
