At the end of the day, the sunk cost fallacy is caused by pride, loss aversion, and irrational commitment to past decisions. The sunk cost fallacy makes us stupid. Don’t let it trick you.
Tag: life
WTF is: Inverted Yield Curve?
Generally, an inverted yield curve signals a potential recession that will occur anywhere in the next 12 to 24 months. So is it time to panic?
Decision Making: Accounting Costs vs. Economic Costs
There ain’t no such thing as a free lunch. Every economist will tell you this. Why? Opportunity costs!
Some quick thoughts on China and Sino-US relations
This articles discusses future China outlooks and current Sino-US affairs.
The Economics of Chrismas and Gift Giving
Because I’d much rather have cash
Research in Progress 