Zack_M_Davis comments on Open Thread: December 2009 - Less Wrong

3 Post author: CannibalSmith 01 December 2009 04:25PM

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Comment author: Zack_M_Davis 31 December 2009 06:39:37AM 0 points [-]

"Lost Cause Fallacy" or the "Fallacy of Futility" [...] Does this have a standard name

"Sunk cost fallacy"

Comment author: Eliezer_Yudkowsky 31 December 2009 06:45:38AM 3 points [-]

No, that's different. That's pursuing a reward so as to not acknowledge a loss. This is ignoring a penalty because of previous losses.