ChristianKl comments on Is Sunk Cost Fallacy a Fallacy? - Less Wrong

19 Post author: gwern 04 February 2012 04:33AM

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Comment author: ChristianKl 26 October 2014 06:15:54PM 0 points [-]

IMO, the Concorde justifications are transparent rationalizations - if you want research, buy research. It'd be pretty odd if you could buy more research by not buying research but commercial products... In any case, I mention Concorde because it's such a famous example and because a bunch of papers call it the Concorde effect.

It really depends on your view of academics. If you think that if you hand them a pile of money they just invest it into playing status games with each other, giving them a clear measurable outcome to provides feedback around which they have to structure their research could be helpful.