Eugine_Nier comments on Sunk Costs Fallacy Fallacy - Less Wrong
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Comments (28)
If you assume that your future self will make a rational decision about whether to defect, this is unnecessary.
Yes, remember the cost of getting the new project up to the point where the current project is right now. The sunk cost fallacy says you should ignore the "sunk cost" of work on the project you've completed so far; however, you should not ignore the "replacement cost" of that work.
I'm unsure of this. If I missed some other source of irrationality, and didn't include this empirical catch-all, I can imagine still making the stupid decision.
Thanks for the terminology.