sunk cost fallacy

How Can We Realize the Experiment is Over and It’s Time to Clean Up?

My twenty-year-old pillow died several years ago. Instead of supporting my neck, my head just plunked down. That led to back pain and insomnia. I needed to sleep. The manufacturer is out of business and there was no straight replacement. That’s when I started to experiment. I bought many pillows. The image on the left

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Which of Your Past Presents Do You Want to Keep and Which to Discard?

At this time of year, many of us give and receive presents. I hope your gifting experiences were delightful. But we don’t just give each other—and ourselves—gifts at one time during the year. We often give ourselves gifts throughout the year. And while there are some physical things I would like to receive, I more

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How Do You Know It’s Time for You to Confront a Bully?

The rapper formerly known as Kanye West conducted an anti-Semitic tirade a couple of weeks ago. (You can find it if you want to see it.) In his tirade, he bullied Jews. He thought he was untouchable. His licensing deals, his promoters, all of his business people—he thought his business collaborators would leave him alone

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