Are Sunk Costs Fallacies? · Gwern.net
Human and animal sunk costs often aren’t, and sunk cost bias may be useful on an individual level to encourage learning. Convincing examples of sunk cost bias typically operate on organizational levels and are probably driven by non-psychological causes like competition.
--- title: Are Sunk Costs Fallacies? description: Human and animal sunk costs often aren't, and sunk cost bias may be useful on an individual level to encourage learning. Convincing examples of sunk cost bias typically operate on organizational levels and are probably driven by non-psychological causes like competition. created: 2012-01-24 modified: 2019-06-12 status: finished confidence: likely importance: 9 css-extension: dropcaps-de-zs ... > It is time to let bygones be bygones. > > [Khieu Samphan](!W)^[["World: Asia-Pacific: US demands 'killing fields' trial"](https://time.com/time/world/a
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