novalis comments on What are the optimal biases to overcome? - Less Wrong

60 Post author: aaronsw 04 August 2012 03:04PM

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Comment author: novalis 04 August 2012 07:43:54PM 6 points [-]

As I recall, experiments show that people who learn about anchoring are still susceptible to anchoring, but people who learn about the sunk cost fallacy are less likely to throw good money after bad.

Comment author: gwern 17 January 2013 08:37:26PM 1 point [-]

Sunk cost training has mixed results: http://www.gwern.net/Sunk%20cost#fnref37

Comment author: novalis 18 January 2013 04:53:55AM 0 points [-]

Thanks. I guess it should be no surprise that people's behavior on quizzes has very little effect on their behavior in real life. This shows that CFAR probably ought to find some way to test the effectiveness of their training other than by a written test.

Comment author: Error 17 January 2013 07:44:18PM 1 point [-]

Supportive anecdote: Since I started reading here, I've started to consciously see and avoid the sunk costs fallacy.

(as opposed to several other biases that I now see and recognize, but still don't avoid, apparently because I am an idiot.)