I think this post would have been a lot more interesting if Eliezer had used it to explain the sunk cost fallacy, which is generally the reason that people don’t want to give up on ventures like this even if they’ve already lost a lot of money. Still, it was a decent post and I liked the fact that it was short and to the point.
the sunk cost fallacy, which is generally the reason that people don’t want to give up on ventures like this even if they’ve already lost a lot of money.
Another important motivation is fear of loss of face.
I think this post would have been a lot more interesting if Eliezer had used it to explain the sunk cost fallacy, which is generally the reason that people don’t want to give up on ventures like this even if they’ve already lost a lot of money. Still, it was a decent post and I liked the fact that it was short and to the point.
Another important motivation is fear of loss of face.