Futurism1 week agoStartup companiesMan Buys Cruise Ship on Craigslist, Disturbed When It Starts SinkingChris Wilson's dream to restore a cruise ship turned into a costly and emotional struggle, illustrating the sunk-cost fallacy. [ more ]
InfoQ3 weeks agoJavaScriptThe Value of Using Timeless Testing ToolsUnderstanding the problem is more critical than following trends in tool adoption. Familiarity with older tools can sometimes outweigh the appeal of new tools. [ more ]
therealdeal.com1 month agoNYC real estateSunken costs fallacy: Lessons from 277 Park AveThe sunk cost fallacy leads individuals to make poor financial decisions, as seen in both a failed investment in baseball cards and the Stahl Organization's refinancing troubles. [ more ]
Shopify4 months agoBusinessExplaining Sunk Cost Fallacy and How To Avoid It (2024) - ShopifyRecognize and avoid the sunk cost fallacy in decision-making, even if significant resources have been invested. [ more ]