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The Green Iguana
- Green iguanas are adorable, inexpensive lizards that don't eat bugs or mice.
- However, they grow to be five feet long, which can be a surprise for new pet owners.
Sunk Costs
- Sunk costs are a real problem for intelligent creatures, causing us to stick with things we've invested in.
- Money amplifies this effect, making it harder to abandon projects.
The Lawyer Dilemma
- People often justify staying in undesirable careers like law due to time spent in school.
- This is a sunk cost fallacy; past investment shouldn't dictate future decisions.