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KenChen comments on Sunk Costs Fallacy Fallacy - Less Wrong
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You might just be seeking status. You might feel like you gain status whenever you declare that you will be working on a new project, and you might feel that you won't gain as much status by finishing an existing project that people are aware of already. At least, this may be true until you gain a reputation for not finishing projects.
I generally don't announce because I would feel incredibly bad not finishing a project that I had publicly committed to.
So it's not about status.