Sunk Costs

Questions About Soup, Sunk Costs, Turkey, Insurance and More!

<b>What’s inside?</b> Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to …

Matched

Why Smart People Come up With Dumb Ideas

In July 2014, a bunch of engineering graduates — very smart people — decided they had identified a pain point that could become a company. The pain …

Happiness

The best advice to read if you're struggling to quit a job you hate

You know you’re on the wrong career path, but can’t pull yourself away. To do so would be to give up all you’ve invested and admit failure (to …

Happiness

Nation Network Radio – Ep. 5

Nation Network Radio, presented by CanucksArmy, was back on the airwaves yesterday, live for just the second time since its inception in the 3-5 PM …

Vancouver Canucks

Coding Made Me Learn How to Learn Again

<i>This is part two of my story as I transitioned from professional to student and a full-time learner.</i><p>On the morning of the first day of class, I fell …

Learning

Exco Goes Bust: A Reminder That Superstar Investors Aren't Perfect

Exco Resources is now down 95% from my short call in 2015.<p>At the time my call was highly controversial here at Seeking Alpha.<p>Bulls had counted on the …

Finance

Get Out While You Still Can: Erik Gudbranson and the Sunk Cost Fallacy

Coming into this season, there was a whole lot of discussion about Erik Gudbranson. The pending unrestricted free agent was awarded a one-year $3.5 …

Vancouver Canucks

Why We Continue To Use Crappy Old Apps Like Flickr

I <i>just</i> migrated my photos off of Flickr. Yes, it's 2017, and I was still using Flickr. Why? Because I'd been using it since 2005, it's free, and the …

Google Photos

In one answer, Sheryl Sandberg provides some of the best career advice you’ll ever hear

Lean into the twists and turns and you’ll become more successful in life<p>Sheryl Sandberg shared some insightful career advice on Quora. She’s clearly …

Success

WPA2 was kracked because it was based on a closed standard that you needed to pay to read

How did a bug like krack fester in WPA2, the 13-year-old wifi standard whose flaws have rendered hundreds of millions of devices insecure, some of …

Cory Doctorow

BrandPost: Three Reasons Your Business Intelligence Adoption Has Stalled

Today’s approach to business intelligence and analytics software favors easy-to-use, self-service-based platforms accessible to everyone within an …

Business Intelligence

20 Stealthy Mental Filters That Are Sabotaging You

There is no upside to negative thinking. It does not prep you for life events, ward off malicious mojo or prevent worrisome outcomes. It does the …

Happiness

Gaining Recreational Flexibility with a Class B Camper

The engineers, designers and marketing folks at Winnebago have put an awful lot of time and attention into making their products (like our Travato …

Hold Or Sell Uniti? Principles Of Anchored Loss, Sunk Cost, And Opportunity Cost

I bought UNIT stock on August 4th, 2017 at an average cost of $21.76.<p>I sold out completely on Monday, September 25th at an average price of 17.38, a …

Business

Rumble Seat: Frankfurt 2017: China, EVs, and Dieselgate -- WSJ

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (September 23, 2017).<p>Two weeks ago (Sept. 11), the night before the IAA Frankfurt International Motor Show opened to the press, I strolled …

Electric Vehicles

Leaving a trade area can substantially reduce innovation and productivity

The advantage of being in a trade area like the European Union is that a company can sell its products and services to a larger pool of customers. …

Economics

Frankfurt Motor Show 2017: Breaking Up (With Diesel) Is Hard to Do

The big talk at the monster auto show was all about China’s electric-vehicle mandate—and what that means for European automakers’ fading diesel fortunes<p>Two weeks ago (Sept. 11), the night before the IAA Frankfurt International Motor Show opened to the press, I strolled through the doors of Daimler …

Lifestyle

9 Cognitive Biases You Didn't Know You Had

Your dumb brain is playing some truly devious tricks on you. Learn to look out for some of these sneaky, tricksy cognitive biases and it might just change the way you see the world.

Behavior

$220 million per kilometre: Sydney to Newcastle rail line rejig to burn cash

A fresh NSW transport leak reveals that the decision to shut down the last two kilometres of the Sydney to Newcastle railway line was taken before …

Australian News

36 Cognitive Biases that Inhibit Innovation

While we - human beings - like to think of ourselves as rational creatures, the truth is we are anything but.<p>We are prone to over 100 cognitive …

Behavior

Design Thinking in 3 simple steps

It’s simple to implement Design Thinking in your company or side project with these simple steps.<p>What is Design Thinking?<p>In a nutshell, Design …

Design Thinking

5 Biases and Fallacies that Make Us Terrible With Money

Human beings are intelligent people, capable of making good decisions, weighing all options and making a rational and well thought out conclusion. …

Behavior

How To Save Your Story From The Sunk Cost Fallacy

Image: Matthew Loffhagen<p>Shares 69<p>If there’s one vital thing to understand about becoming an author, it’s this – it won’t happen on its own. Getting a …

Behavior

Site C review in B.C. should focus on future price tag, not sunk costs: expert

VANCOUVER — The former head of Newfoundland and Labrador’s public utility board is warning British Columbia’s utilities commission not to be …

Canadian News

Sunk Costs in the Conflict You're In

When you’re an entrepreneur, the emotional labor you put into the project is a sunk cost. So is the time you spent on not getting a deal. The coffees …

How Your Goals are Preventing You From Greatness

Clear goals are the secret to success, but those same aspirations can block you from progress. Here's how to avoid wasting precious time in your pursuit<p>Goal setting is the most common advice for success: Set your goals, write down your goals and share your goals. Only doing goal setting can also …

Self-improvement

Are you who you think you are?

S<b>ometimes when I am speaking at a meetup,</b> I tend to ask the audience to introduce themselves. The answers I get are along the lines of:<p>“I am a …

Afghanistan and the Sunk Cost Fallacy

There are literally dozens of reasons to oppose escalating the war in Afghanistan. But there is one economic principle in particular that screams out …

Foreign Policy

Why Everyone Needs a Policy Like Amazon's Pay To Quit Program

Everyone Needs a Policy Like Amazon's Pay To Quit Program<p>Every year, employees at Amazon's fulfillment centers get a rather odd memo. The memo is titled "Please Don't Take This Offer," and the offer is great. Employees are offered a bonus, up to $5,000, if they choose to quit the company. This …

Time to stop spending and start thinking: Vaz-Oxlade

Don’t keep doing what you’ve always done just because you’ve gotten used to spending the money.<p>Ever heard of a “sunk cost fallacy”?<p>In economics, a …

Budgeting