The Sunk Cost Fallacy
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Out Of Love
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Author : Hazel Hayes
language : en
Publisher: Penguin
Release Date : 2021-09-28
Out Of Love written by Hazel Hayes and has been published by Penguin this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-28 with Fiction categories.
One of E! News' 13 Books to Read This September | One of Bookish's Debuts to Read in the Second Half of 2021 | One of Medium's Best Releases Out Today “Hazel Hayes writes with such honesty and casual confidence and flowing dialogue, you feel you are overhearing it rather than reading it. The writing sparkles with wit and a poignant emotional reality. I love it.”—Matt Haig, bestselling author of The Midnight Library “A smart, touching, time-bending romance. Funny and affecting.”—David Nicholls, bestselling author of One Day and Sweet Sorrow For anyone who has loved and lost, and lived to tell the tale, this gorgeously written debut is a love story told in reverse, a modern novel with the heart of a classic: truthful, tragic, and ultimately full of hope. Out of Love begins at the end. A couple call it quits after nearly five years, and while holding a box of her ex-boyfriend’s belongings, the young woman wonders: How could they have spent so long together? When did they fall out of love? Were there good times before the bad? These are the questions we obsess over when a relationship ends, even when obsessing can do no good. But instead of moving forward through the emotional fallout of a break-up, Out of Love moves backward in time, weaving together an already unraveled tapestry, from tragic ending to magical first kiss. Each chapter jumps further into the past, mining their history for the days and details that might help us understand love; how it happens and why it sometimes falls apart. Readers of Normal People; Goodbye, Vitamin; and One Day will adore this bittersweet romance, a sparkling debut that you won’t want to miss.
Sunk Cost
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Author : Fouad Sabry
language : en
Publisher: One Billion Knowledgeable
Release Date : 2024-03-30
Sunk Cost written by Fouad Sabry and has been published by One Billion Knowledgeable this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-30 with Business & Economics categories.
What is Sunk Cost In economics and business decision-making, a sunk cost is a cost that has already been incurred and cannot be recovered. Sunk costs are contrasted with prospective costs, which are future costs that may be avoided if action is taken. In other words, a sunk cost is a sum paid in the past that is no longer relevant to decisions about the future. Even though economists argue that sunk costs are no longer relevant to future rational decision-making, people in everyday life often take previous expenditures in situations, such as repairing a car or house, into their future decisions regarding those properties. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Sunk cost Chapter 2: Cognitive bias Chapter 3: Daniel Kahneman Chapter 4: Amos Tversky Chapter 5: Behavioral economics Chapter 6: Prospect theory Chapter 7: Supply and demand Chapter 8: Managerial economics Chapter 9: Loss aversion Chapter 10: Status quo bias Chapter 11: Endowment effect Chapter 12: Richard Thaler Chapter 13: Planning fallacy Chapter 14: Mental accounting Chapter 15: Escalation of commitment Chapter 16: Disposition effect Chapter 17: Reference class forecasting Chapter 18: Heuristic (psychology) Chapter 19: Thinking, Fast and Slow Chapter 20: Cognitive bias mitigation Chapter 21: David Gal (II) Answering the public top questions about sunk cost. (III) Real world examples for the usage of sunk cost in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Sunk Cost.
Bad Arguments
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Author : Robert Arp
language : en
Publisher: John Wiley & Sons
Release Date : 2018-10-29
Bad Arguments written by Robert Arp and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-29 with Philosophy categories.
A timely and accessible guide to 100 of the most infamous logical fallacies in Western philosophy, helping readers avoid and detect false assumptions and faulty reasoning You’ll love this book or you’ll hate it. So, you’re either with us or against us. And if you’re against us then you hate books. No true intellectual would hate this book. Ever decide to avoid a restaurant because of one bad meal? Choose a product because a celebrity endorsed it? Or ignore what a politician says because she’s not a member of your party? For as long as people have been discussing, conversing, persuading, advocating, proselytizing, pontificating, or otherwise stating their case, their arguments have been vulnerable to false assumptions and faulty reasoning. Drawing upon a long history of logical falsehoods and philosophical flubs, Bad Arguments demonstrates how misguided arguments come to be, and what we can do to detect them in the rhetoric of others and avoid using them ourselves. Fallacies—or conclusions that don’t follow from their premise—are at the root of most bad arguments, but it can be easy to stumble into a fallacy without realizing it. In this clear and concise guide to good arguments gone bad, Robert Arp, Steven Barbone, and Michael Bruce take readers through 100 of the most infamous fallacies in Western philosophy, identifying the most common missteps, pitfalls, and dead-ends of arguments gone awry. Whether an instance of sunk costs, is ought, affirming the consequent, moving the goal post, begging the question, or the ever-popular slippery slope, each fallacy engages with examples drawn from contemporary politics, economics, media, and popular culture. Further diagrams and tables supplement entries and contextualize common errors in logical reasoning. At a time in our world when it is crucial to be able to identify and challenge rhetorical half-truths, this bookhelps readers to better understand flawed argumentation and develop logical literacy. Unrivaled in its breadth of coverage and a worthy companion to its sister volume Just the Arguments (2011), Bad Arguments is an essential tool for undergraduate students and general readers looking to hone their critical thinking and rhetorical skills.
Why Smart People Make Big Money Mistakes And How To Correct Them
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Author : Gary Belsky
language : en
Publisher: Simon and Schuster
Release Date : 2009-12-26
Why Smart People Make Big Money Mistakes And How To Correct Them written by Gary Belsky and has been published by Simon and Schuster this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-12-26 with Business & Economics categories.
Protect and grow your finances with help from this definitive and practical guide to behavioral economics—revised and updated to reflect new economic realities. In their fascinating investigation of the ways we handle money, Gary Belsky and Thomas Gilovich reveal the psychological forces—the patterns of thinking and decision making—behind seemingly irrational behavior. They explain why so many otherwise savvy people make foolish financial choices: why investors are too quick to sell winning stocks and too slow to sell losing shares, why home sellers leave money on the table and home buyers don’t get the biggest bang for their buck, why borrowers pay too much credit card interest and savers can’t sock away as much as they’d like, and why so many of us can’t control our spending. Focusing on the decisions we make every day, Belsky and Gilovich provide invaluable guidance for avoiding the financial faux pas that can cost thousands of dollars each year. Filled with fresh insight; practical advice; and lively, illustrative anecdotes, this book gives you the tools you need to harness the powerful science of behavioral economics in any financial environment.
Still In Search Of The Sunk Cost Bias
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Author : Marcello Negrini
language : en
Publisher:
Release Date : 2020
Still In Search Of The Sunk Cost Bias written by Marcello Negrini and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
Logically Fallacious
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Author : Bo Bennett
language : en
Publisher: eBookIt.com
Release Date : 2012-02-19
Logically Fallacious written by Bo Bennett and has been published by eBookIt.com this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-02-19 with Education categories.
This book is a crash course in effective reasoning, meant to catapult you into a world where you start to see things how they really are, not how you think they are. The focus of this book is on logical fallacies, which loosely defined, are simply errors in reasoning. With the reading of each page, you can make significant improvements in the way you reason and make decisions. Logically Fallacious is one of the most comprehensive collections of logical fallacies with all original examples and easy to understand descriptions, perfect for educators, debaters, or anyone who wants to improve his or her reasoning skills. "Expose an irrational belief, keep a person rational for a day. Expose irrational thinking, keep a person rational for a lifetime." - Bo Bennett This 2021 Edition includes dozens of more logical fallacies with many updated examples.
Economics Of The Undead
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Author : Glen Whitman
language : en
Publisher: Rowman & Littlefield
Release Date : 2014-07-17
Economics Of The Undead written by Glen Whitman and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-17 with Business & Economics categories.
Whether preparing us for economic recovery after the zombie apocalypse, analyzing vampire investment strategies, or illuminating the market forces that affect vampire-human romances, Economics of the Undead: Zombies, Vampires, and the Dismal Science gives both seasoned economists and layman readers something to sink their teeth into. Undead characters have terrified popular audiences for centuries, but when analyzed closely, their behaviors and stories—however farfetched—mirror our own in surprising ways. The essays collected in this book are as humorous as they are thoughtful, as culturally relevant as they are economically sound, and provide an accessible link between a popular culture phenomenon and the key concepts necessary to building one’s understanding of economic systems big and small. It is the first book to apply and combine economics and our society’s fascination with the undead, and is an invaluable resource for those looking to learn economic fundamentals in a fun and innovative way. Contributions by: Kyle William Bishop, Eleanor Brown, Ian Chadd, Darwynn Deyo, Steven Horwitz, Daniel Farhat, Jean-Baptiste Fleury, Enrique Guerra-Pujol, Brian Hollar, Sebastien Lecou, Joseph Mandarino, Alain Marciano, Fabien Medvecky, David T. Mitchell, Michael O’Hara, M. Christine Phillips, A. Lynn Phillips, G. Michael Phillips, Lorna Piatti-Farnell, Robert Prga, Hollis Robbins, Sarah Skwire, Ilya Somin, David Tufte, Mary Jo Tufte, and Charlotte Weil
Rationally Speaking
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Author : Massimo Pigliucci
language : en
Publisher:
Release Date : 2019-08-30
Rationally Speaking written by Massimo Pigliucci and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-08-30 with categories.
A collection of essays by Professor Massimo Pigliucci (currently at Stony Brook University in new York), on topics ranging from science to philosophy, from politics to religion. Rationally Speaking originated in 2000 as a monthly online column, eventually to be syndicated on more than 50 web sites worldwide. It was the beginning of a regular online presence, which evolved in 2006 into the more agile and open-ended form of a blog (rationallyspeaking.org). Why would a professional scientist who spends most of his time working on fairly specific scientific puzzles concerning gene-environment interactions (what is often referred to as "nature-nurture" questions) spend a considerable amount of time and emotional energy writing electronic "messages in a bottle" to be entrusted to the capricious currents of the Internet?Because Pigliucci firmly believes that academics have a duty to society to be public intellectuals. Of course, the word "intellectual" has, at best, a dubious reputation in the United States (as opposed to Europe, where it is not uncommon to see philosophers, sociologists and scientists appearing on tv talk shows). Indeed, anti-intellectualism as a phenomenon characteristic of American society almost from its inception, has been the object of much study by sociologists who have identified its various components (from disdain for "theoretical" pursuits because they are not in line with the capitalist ethos to religious fundamentalist attacks on evolution). Nonetheless, and indeed precisely because of the widespread anti-intellectualism, the U.S. desperately needs intellectuals, from the academic world as much from outside of it (artists, journalists, authors, etc.).Democracy, Winston Churchill once said, is the worst form of government except for every other one. Plato wasn't a friend of democratic government, especially after he saw the Athenian democracy kill his mentor, Socrates. If we want to have a truly liberal democracy, and not the kind of mob rule that Plato disdained, we need educated people. Education, in turn, is not just an accumulation of factual knowledge, nor is it the acquisition of skills useful to the large corporations who now run the world. It is, at its essence, the ability to think critically about anything that is relevant to our lives. We hope, therefore, that you will enjoy these essays in the spirit they were written, to provide good food for thinking and further discussion.
The Art Of Thinking Clearly
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Author : Rolf Dobelli
language : en
Publisher: Harper Collins
Release Date : 2014-05-06
The Art Of Thinking Clearly written by Rolf Dobelli and has been published by Harper Collins this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-06 with Psychology categories.
A world-class thinker counts the 100 ways in which humans behave irrationally, showing us what we can do to recognize and minimize these “thinking errors” to make better decisions and have a better life Despite the best of intentions, humans are notoriously bad—that is, irrational—when it comes to making decisions and assessing risks and tradeoffs. Psychologists and neuroscientists refer to these distinctly human foibles, biases, and thinking traps as “cognitive errors.” Cognitive errors are systematic deviances from rationality, from optimized, logical, rational thinking and behavior. We make these errors all the time, in all sorts of situations, for problems big and small: whether to choose the apple or the cupcake; whether to keep retirement funds in the stock market when the Dow tanks, or whether to take the advice of a friend over a stranger. The “behavioral turn” in neuroscience and economics in the past twenty years has increased our understanding of how we think and how we make decisions. It shows how systematic errors mar our thinking and under which conditions our thought processes work best and worst. Evolutionary psychology delivers convincing theories about why our thinking is, in fact, marred. The neurosciences can pinpoint with increasing precision what exactly happens when we think clearly and when we don’t. Drawing on this wide body of research, The Art of Thinking Clearly is an entertaining presentation of these known systematic thinking errors--offering guidance and insight into everything why you shouldn’t accept a free drink to why you SHOULD walk out of a movie you don’t like it to why it’s so hard to predict the future to why shouldn’t watch the news. The book is organized into 100 short chapters, each covering a single cognitive error, bias, or heuristic. Examples of these concepts include: Reciprocity, Confirmation Bias, The It-Gets-Better-Before-It-Gets-Worse Trap, and the Man-With-A-Hammer Tendency. In engaging prose and with real-world examples and anecdotes, The Art of Thinking Clearly helps solve the puzzle of human reasoning.
The Sunk Cost Bias And Managerial Pricing Practices
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Author : David Besanko
language : en
Publisher:
Release Date : 2005
The Sunk Cost Bias And Managerial Pricing Practices written by David Besanko and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
This paper provides an explanation for why the sunk cost bias persists among firms in a competitive environment in which rich learning possibilities are allowed. We envision firms that experiment with cost methodologies that are consistent with real-world accounting practices, including ones that confuse the relevance of variable, fixed, and sunk costs to pricing decisions. Firms follow "naive" adaptive learning to adjust prices and reinforcement learning to modify their costing methodologies. Costing and pricing practices that increase profits are reinforced. We show that all firms eventually display the sunk cost bias in their pricing behavior.