saturn comments on Escaping Your Past - Less Wrong

24 Post author: Z_M_Davis 22 April 2009 09:15PM

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Comment author: MrHen 22 April 2009 09:51:42PM 1 point [-]

And the jobseeker replies, "But all those transgressions are in the past. Sunk costs can't play into my decision theory—it would hardly be helping for me to go sulk in a gutter somewhere. I can only seek to maximize expected utility now, and right now that means working ever so hard for you, O dearest future boss! Tsuyoku naritai!"

I am failing to understand how two felonies in my past are sunk costs. How are events costs? Am I missing a layer of abstraction?

Comment author: saturn 24 April 2009 12:32:09AM 1 point [-]

There are costs involved in switching from being a criminal to being law-abiding and vice versa. If I'd be better off switching overall but I don't because I've already switched in the past, I'm falling for the sunk cost fallacy.