6 Comments

Just curious - is the #2 same as “Sunken ship fallacy” or? Btw great article as always!

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author

Thanks so much! :)

They are super closely related, but a bit different.

This article I think sums it up nicely and brielfy: https://www.scribbr.com/frequently-asked-questions/difference-between-sunk-cost-fallacy-and-escalation-of-commitment/

If you're interested in biases, I think an awesome resource is Decision Lab biases index: https://thedecisionlab.com/biases-index

They cover the topic seriously and scientifically, yet easy to understand and fun.

Also, can't recommend enough Think Again by Adam Grant: https://www.goodreads.com/book/show/55539565-think-again

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Thanks!! I’ll most certainly check those out ☺️

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Btw I mistyped 😂 Sunken cost, not ship lol. That’s what happens when you wake up at 5AM lol

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author

Ha! No worries – and I was surprised someone was awake so early and reacted to the newsletter :)

P.S. Thanks so much for reading and insightful comments!

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Yeah, benefits of having hyperactive kiddo 😂

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