Wednesday, August 22, 2007

Iraq and the Sunk-cost Fallacy

The OpEd section of the USA Today has an editorial about the sunk-cost fallacy and the war in Iraq. First, while this editorial isn't the first place to point out our sunk-cost reasoning on this matter, I still think it's well done. Second, it does a good job of teaching us about the sunk-cost fallacy, which we all fall prey to on a regular basis.

Link to article

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