Tweets on a single topic ("The Sunk Cost Fallacy") published within a short period.
Shown here in the order tweeted (earliest first).
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3928
Mar 30 2011: The sunk cost fallacy: "I've already invested so much that I can't turn back now!" [view in context] 3929
Mar 30 2011: Which is more valuable: a blender you paid full retail price for or an identical one bought for $2 at a garage sale? People value the first! 3930
Mar 30 2011: The sunk cost fallacy means that people cling to things according to the price they paid for then, not their current market value. 3931
Mar 30 2011: RT @noahWG: @BadDalaiLama That's also why so many stay in empty relationships... 3932
Mar 30 2011: The sunk cost fallacy applies to relationships. People value them according to "all that we've been through" rather than how they work. 3933
Mar 30 2011: Pop psychology focuses on pursuing your dreams and never giving up. Little attention is paid to quitting and cutting your losses. 3934
Mar 30 2011: Many a business owner has been sucked into the sunk cost fallacy. You make sacrifice after sacrifice because you can't bear to give up. 3935
Mar 30 2011: The sunk cost fallacy is not just a quirk of human behavior but one of its main forces. We all tend to stick with our investments. 3936
Mar 30 2011: Children are less effected by the sunk cost fallacy because they live for the moment and have invested little in their past decisions. 3937
Mar 30 2011: Once people grow up, they start making emotional investments, and then have to defend those investments to avoid painful regret. 3938
Mar 30 2011: Regret is possibly the most painful human emotion, and people will do anything to avoid it. 3939
Mar 30 2011: "I could have been somebody. I could have been a contender." 3940
Mar 30 2011: "I married the most wonderful man in the world!"—of course! You invested everything in him, so you have to believe he's the best. 3941
Mar 30 2011: Regret is so powerful because it's your own life you are questioning—the most valuable asset you have! 3942
Mar 30 2011: It is emotionally unacceptable to think your life has been wasted, so you rearrange the evidence to make it not so. 3943
Mar 30 2011: People cling to their possessions according to the perceived price paid, monetarily and emotionally, neglecting the object's utility. 3944
Mar 30 2011: Most adults, over time, become crippled by a web of nonnegotiable possessions and obligations engendered by the sunk cost fallacy. 3945
Mar 30 2011: The most common escape from the sunk cost fallacy is catastrophe. The business fails or marriage collapses, and control is taken from you. 3946
Mar 30 2011: The final solution to the sunk cost fallacy is death. Your obligations vanish; your heirs sell your stuff, and everybody moves on. 3947
Mar 30 2011: #### End. This has been a live 1-hour essay by HHBDL: "The Sunk Cost Fallacy" — We now resume our originally scheduled programming. [view in context]
[End of archive. 20 tweets displayed of 15877 archived as of , .]
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