#sunkcostfallacy — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #sunkcostfallacy, aggregated by home.social.
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I spent the whole day working on my long abused and neglected Jeep Scrambler, but I did take a break for a root canal.
(I have neither abused nor neglected it, but in the past 43 years it has suffered much).
Yay Team #SunkCostFallacy -
#Sunkcostfallacy ~ some relationships are not worth working on. No matter how much has been invested previously. Turn around and walk away. In all likelihood, it will eventually contribute to your peace of mind.
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No, absolutely not. We must honor the #SunkCostFallacy approach to cost overruns and repeated delays.
Otherwise, we might embarrass the politicians and corporate management that advocated so powerfully and successfully for these ill-advised projects.
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jetzt habe ich es kapiert was oft das problem in meiner abteilung ist: sunk cost fallacy - die investment-falle, wir haben 2-3 Monolith Lösungen in der Abteilungen die ordentlich entwirrt gehören. aber was macht man: man baut noch eine schaltfläche ein, und noch eine. meine prophezeiungen irgenwann kollapiert es, werden gehört aber nicht ernstgenommen. es ist ein psychologische sache im kopf #sunkcostfallacy 1/x
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@tastapod No. Nonononono.
What I am trying (and obviously failing) to say is that the team has already chosen not to change the name, even though some members seemed to think it was a good idea, because over 3 years ago they thought "The more time that passes with the Jujutsu name, the more likely it is that we'll keep it", because "there is plenty of third-party writing about it. It would be a shame to lose that connection while the underlying model is the same." - i.e. #SunkCostFallacy
I made no judgement on their choice of candidate for the name change, merely pointed out that the conversation and decision about renaming had already happened. -
At this point, AI is a #sunkcostfallacy. These companies have already invested Billions into it, so therefore they must continue to invest into it despite it still returning absolutely no positive revenue due to costs.
Instead of cutting their losses, they're instead burning money. :blobfoxangry:
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Vreemd genoeg heeft niemand het over het toerisme (in Gelderland bijna 68000 banen) dat er last van gaan krijgen als de rust wordt verstoord door laagvliegers.
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"#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
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This is shockingly on point for being filmed a year ago.
#uspol #iran #war #trap #itsatrap #israel #saudiarabia #russia #gametheory #hubris #sunkcostfallacy #history
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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
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@alisynthesis @anon_opin By the time I figured out that it had become something I wouldn't have applied to I was halfway through and I didn't want to walk away from the money I'd already spent.
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Bei der Versunkene-Kosten-Falle #SunkCostFallacy investieren wir weiter Zeit oder Geld, weil wir bereits Ressourcen aufgewendet haben – auch wenn das nicht mehr sinnvoll ist.
Beispiel:
💸 „Ich habe schon 50 Seiten gelesen, also lese ich das Buch zu Ende – auch wenn es langweilig ist.“
💸 „Wir haben schon viel Geld investiert, also sollten wir das Projekt durchziehen – auch wenn es nicht erfolgversprechend ist.“👉 Tipp: Entscheide rational, ob sich weiteres Investieren wirklich lohnt!
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So called #AI is not "just a tool".
It's a series of processes, heavily curated by humans every step of the way, to create the #illusion of a machine generating an #illusion of a statement,
consuming insane amounts of resources, leading to justifications that it all may be worth it some day, leading to further sacrifices to this illusionary #god because #sunkCostFallacy dictates the managers can't admit that it was all a hoax. It must consume more, more, more.
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#SunkCostFallacy
https://bsky.brid.gy/r/https://bsky.app/profile/did:plc:ny5w2k6brb2kdubxnevke6li/post/3lfgzzpw3qk2x
[email protected] - Attention cities & states — remember this as you reconsider EVERY single massively expensive freeway and road widening project you’ve been working on for years, but very likely need to cancel in light of the #CimateEmergency, and the fact that they don’t actually work. #inducedTraffic #ClimateCrisis -
Aha. X hebt also die Blockierfunktion auf. Ganz ehrlich? So what? X ist so relevant wie irgendein Dackelzüchterforum in Hintertupfingen. Wer noch immer dort ist, hat mittlerweile dermaßen viel Auswahl an Alternativen, dass es einfach absolut keinen rationalen Grund mehr gibt, noch dort zu sein. Jegliches Argument ist emotional getrieben durch "aber wir sind schon so lange dort" oder "aber all die Leute dort" oder ähnliches. Und nein, "Reichweite" ist absolut kein Argument. #SunkCostFallacy
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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 #NeuroeconomicsA.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.
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"We've got a fuzz box" vibes here from Caroline Douglass, the agency’s executive director for flood and coastal risk management:
“because, the point is, we have the technology and we do need to use it”.
#SunkCostFallacy -
Just because I put in several hundred bucks into a game, doesn't mean I won't drop it if I no longer play/care about it.
It is a *video game*, not a pet or loved one, for the love of crinkle cut chips.