Business school students who have been taught about the sunk cost fallacy are more likely to get it right. And then they have a good reason to not do the fallacy because they've been taught what look, you shouldn't be doing that. So in this case, basically, if you haven't been taught, you know, economics 101, the most available justifications point to the wrong decision. However, if you've been taught a bit of economics or if you read about that fallacy, then the mostavailable justifications point in the right direction.
On this episode we discuss the psychology of arguing and interview both Jeremy Shermer and Hugo Mercier. Afterward, I eat an orange chocolate chip cookie and read a news story about reading your partner's mood in old age.
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