(click to enlarge) OK, I'll admit I was trying to grab the reader's attention with the headline. And while the statement is true, it is somewhat "chronologically challenged" (credit to Neil Gaiman for that phrase), since it happened over 40 years ago. The concert was to be held at my old high school, Archbishop Carroll, … Continue reading Springsteen Concert Canceled for Lack of Interest!
The Sunk Cost Fallacy
You're a college student and a die-hard Bruce Springsteen fan. You bought a ticket for $150 two months ago to see him in an upcoming concert. The day of the show has finally arrived, but you have a big Accounting test the next day. If you go to the show, you will miss some valuable … Continue reading The Sunk Cost Fallacy