Category Archives: Sunk Cost Fallacy

Play stupid games, win stupid prizes

From the Australian Financial Review, 29-30 July – ‘Slow Connections’: When Stephen Sims hears one of his clients is getting the National Broadband Network installed, he sends them a wireless router and a 4G dongle. “The NBN connections have been … Continue reading

Posted in Critical Thinking, Decision-making, Epistemic Rationality, Esau Problem, Instrumental Rationality, Moral Hazard, Principal-Agent Problems, Prize for Myopia, Sunk Cost Fallacy | Leave a comment