= 27d567bc2d48d9f40e9ccc20ea370b15)
V_V comments on How To Have Things Correctly - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (218)
Or perhaps the "It's Just Not A Sunk Cost Fallacy When You Have Not Sunk Cost And For Crying Out Loud It Is 'Sunk' Not 'Sunken' I've Been Trying To Correct That Subtly" fallacy?
The sunk cost fallacy is taking into account costs that have already incurred and are unrecoverable when making your current decision.
Planning your decisions ahead of time is merely an optimization: in order to do it correctly, you have to plan each decision according to the world state that you expect to occur when that decision is to be executed.
In the cloak example, in world states where a decision between wearing the cloak and wearing a sweater is to be executed, the price of the cloak and the price of the sweaters are sunk costs, thus they should not affect the decision.