Tag: sunk cost

Disgraceful

There's no other way to describe it. Except perhaps these synonyms I found online: shockingly unacceptable, shameful, shocking, scandalous, deplorable, despicable, contemptible, dishonorable, discreditable, reprehensible, base, mean. low. blameworthy, unworthy, ignoble, shabby, inglorious, outrageous, abominable, atrocious, appalling, dreadful, terrible, disgusting, shameless, vile, odious, monstrous, heinous iniquitous, unspeakable, loathsome, sordid, nefarious. That was my takeaway from … Continue reading Disgraceful →

Next Play, Next Play

After a turnover, a bad call, a missed shot, or a lapse in judgement, Coach Jay Wright is always telling his players, "next play, next play." The mantra is meant to help his players forget about what just happened, and to just focus on the present. You hear golf announcers saying that the best players … Continue reading Next Play, Next Play →

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 →