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Curiosity Weekly

Sunk Cost Fallacy, Wheat Genes, Sweat Monitor

Sep 6, 2024
In this engaging discussion, Eric W. Dolan, a researcher in the neuroscience of decision-making, and Eleanor Holton, who studies goal commitment, explore fascinating topics. They dive into how our brains can trap us in the sunk cost fallacy, making it hard to let go of failing pursuits. They also unveil a remarkable discovery of lost wheat genes that could revolutionize global food production. Lastly, they introduce cutting-edge wearable technology capable of diagnosing diseases by analyzing sweat—transforming personal health monitoring.
12:25

Podcast summary created with Snipd AI

Quick takeaways

  • The sunk cost fallacy demonstrates how emotional and psychological factors influence our commitment to goals even when quitting may be wiser.
  • The rediscovery of lost wheat genes could enhance agricultural resilience and sustainability, ensuring food security for a growing global population.

Deep dives

The Psychology of Commitment and Goals

The concept of the sunk cost fallacy explains why people continue pursuing goals even when quitting would be more logical and beneficial. This phenomenon is influenced by emotional and psychological factors that make it difficult to abandon a project after investing significant time, effort, or money. Researchers conducted a study using a virtual fishing game wherein participants had to decide whether to stick with a less rewarding goal or switch to a more advantageous option, which illustrated the decision-making struggles related to goal commitment. The findings indicate that a specific part of the brain, the ventromedial prefrontal cortex, plays a crucial role in evaluating these decisions and impacts our ability to remain flexible in goal pursuit.

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