Sunk Cost Fallacy.
Sep. 3rd, 2017 04:16 pmI am putting this here because I can never remember the name of this theory about sending good money after bad. I always want to call it False Something, like False Economy or False Dichotomy.
Anyways. The current reason for needing this theory is that we (royal we) are building metal shelves for the stereo. The bottom half went together smoothly, and the top half won't go together for love or money. We are continuing because we have already spent so much time putting it together. (And we want to unpack the albums and put them away and throw away the boxes - which is where the criticism of the Sunk Cost Fallacy theory comes in - people continue for additional reasons than simply the spent time or money.)
Anyways. The current reason for needing this theory is that we (royal we) are building metal shelves for the stereo. The bottom half went together smoothly, and the top half won't go together for love or money. We are continuing because we have already spent so much time putting it together. (And we want to unpack the albums and put them away and throw away the boxes - which is where the criticism of the Sunk Cost Fallacy theory comes in - people continue for additional reasons than simply the spent time or money.)
no subject
Date: 2017-09-04 12:05 am (UTC)If it doesn't fit, get bigger hammer. If it breaks, it was time to replace it anyway.
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Date: 2017-09-05 10:02 pm (UTC)However, can't put the albums away yet because the shelf is deeper than albums and they fall out. :)
Bwahahahahaha. :)