John comments on The Importance of Saying "Oops" - Less Wrong

38Eliezer_Yudkowsky05 August 2007 03:17AM

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John22 September 2007 05:02:29AM17 points [-]

BillK said:

"It really is the hardest thing in life for people to decide when to cut their losses."

No it's not. All you have to do is to periodically pretend that you were magically teleported into your current situation. Anything else is the sunk cost fallacy.