#sunkcostfallacy — Public Fediverse posts

Competitive disadvantage
The best time to switch was yesterday. The second best time is today.
Make the switch: https://massaxis.com
#SwitchingCosts #SunkCostFallacy #MoveForward #BusinessDecisions #CutYourLosses #BetterChoices #ProgressNotPerfection #CourageToChange #SmartMoves #NoRegrets

"#Russia seizes $50 billion in assets as #economy shifts during war in #Ukraine, research shows"

Russia's economy is in trouble

#Putin cannot reassess. He is stuck

#SunkCostFallacy has him staring into the abyss of economic destitution and the political fallout

The profound mistake of Russia's #ethnofascist #imperialism compounds daily with extraordinarily debilitating implications for the future of Russia

A wish:

That Putin lives long enough to reap what he sows

https://www.reuters.com/world/europe/fortress-russia-has-confiscated-50-billion-assets-over-three-years-kommersant-2025-07-09/

This is shockingly on point for being filmed a year ago.

https://youtu.be/7y_hbz6loEo

#uspol #iran #war #trap #itsatrap #israel #saudiarabia #russia #gametheory #hubris #sunkcostfallacy #history

Ever watched a colleague cling to a failing strategy like it's a badge of honour? But in business, as in probability, sticking to your first instinct isn't always smart—it's often a trap. 🎲 Enter the Monty Hall paradox, a powerful metaphor for organisational leadership.

https://robert.winter.ink/why-great-managers-know-when-to-switch-doors/

#Management #Leadership #DecisionMaking #Strategy #BusinessEthics #MontyHall #RationalThinking #SunkCostFallacy

A new thinkpiece on Policy Consequences of the New Neuroeconomics Framework.

We argue that #neuroscience provides a framework to build new models in #microeconomics with actual #policy consequences.

#addiction #ContingencyManagement
#microfinance #SunkCostFallacy #BehavioralEconomics #Neuroeconomics

A.D. Redish, H.S. Chastain, C.F. Runge, B.M. Sweis, S.E. Allen, A. Haldar (2024) Policy consequences of the new neuroeconomic framework. #arXiv unreviewed preprint.

https://arxiv.org/abs/2409.07373

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