keefe comments on Useful maxims - Less Wrong
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Interesting point...
it's worth noting that he bought them for 2 pennies and the vendor is now gone, but yeah, sunk cost fallacy seems to be about right. For me, the visualization of the story is more real and powerful to me than remembering an abstract idea. There's quite a lot of these stories and most of them are rather old, some more of them are here...
http://www.nasrudin-stories.com/