The Daily Dad They Can Teach You About This
Sep 30, 2021
Explore the intriguing concept of the sunk cost fallacy, which reveals how children instinctively grasp letting go of past investments. Discover how their adaptable mindset encourages parents to embrace change rather than cling to commitments. The discussion is enriched by insights from Ryan's new book, focusing on the courage it takes to pivot and embrace new experiences. It's a refreshing reminder that sometimes, we can learn valuable lessons from the unfiltered perspectives of children.
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Kids and Sunk Cost
- Kids often change their minds quickly, abandoning activities like puzzles or swimming.
- This can be frustrating for parents who invested time and effort.
Implicit Understanding
- Children inherently grasp the sunk cost fallacy better than adults.
- They're less attached to past investments and readily move on to new interests.
Embrace Change
- Embrace change and pursue your interests, just like kids do.
- Don't get stuck in routines or throw good money after bad.
