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

55 Post author: Eliezer_Yudkowsky 05 August 2007 03:17AM

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Comment author: BillK 22 September 2007 02:13:35PM 3 points [-]

John wrote: 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.

Yup! I agree. That's *all* you have to do.

Try explaining that to your wife, when you decide that you didn't really want to have a mortgage, two kids to bring up, a job with no prospects, etc. and that the sunk cost fallacy means that you are going off to California with the blonde cheerleader down the road.

You'll probably find it real easy. ;)