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Economists and behavioral scientists use a related term, sunk-cost fallacy, to describe the justification of increased investment of money or effort in a decision, based on the cumulative prior investment ("sunk cost") despite new evidence suggesting that the future cost of continuing the behavior outweighs the expected benefit.
Brandolini's law, also known as the bullshit asymmetry principle, is an internet adage coined in 2013 by Alberto Brandolini, an Italian programmer, that emphasizes the effort of debunking misinformation, in comparison to the relative ease of creating it in the first place.
“Make every effort to change things you do not like. If you cannot make a change, change the way you have been thinking. ... or how bad it seems today, life does go on, and it will be better ...
People demonstrate "a greater tendency to continue an endeavor once an investment in money, effort, or time has been made". [17] [18] This is the sunk cost fallacy, and such behavior may be described as "throwing good money after bad", [19] [14] while refusing to succumb to what may be described as "cutting one's losses". [14]
Ray Dalio, founder of the world’s biggest hedge fund Bridgewater Associates, said in a social media post last week that this could be China’s “whatever it takes” moment, if its leaders end ...
In a 1994 study, 37 psychology students were asked to estimate how long it would take to finish their senior theses.The average estimate was 33.9 days. They also estimated how long it would take "if everything went as well as it possibly could" (averaging 27.4 days) and "if everything went as poorly as it possibly could" (averaging 48.6 days).
Fiske and Taylor argue that it is rational to act as a cognitive miser due to the sheer volume and intensity of information and stimuli humans intake. [2] [20] Given the limited information processing capabilities of individuals, people try to adopt strategies that economise complex problems. Cognitive misers usually act in two ways: by ...
Pay for acceptance into the print issue is $200 per poem, and online publication pays $100 per poem. Reference the appropriate submission guidelines before sending in your work. Pay: $100 to $200 ...