AI Snips
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Episode notes
The Green Iguana Example
- Seth describes the green iguana as a deceptively cute pet that grows to five feet and 20+ pounds.
- He uses the iguana as a concrete example to show why we should refuse burdensome gifts from our past selves.
Sunk Costs Don't Belong In New Decisions
- Sunk costs are past time, effort, or money that cannot be recovered and should not determine new decisions.
- Seth emphasizes decisions must be based on who you are now and what you know now, not past investments.
Movie Tickets vs. Hamilton
- Seth tells a ticket story where someone with movie tickets is offered Hamilton fifth-row seats.
- He uses it to show that paid tickets are sunk and the better present choice should win.