sunk-cost fallacy (n.) -- "the phenomenon whereby a person is reluctant to abandon a strategy or course of action because they have invested heavily in it, even when it is clear that abandonment would be more beneficial"
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HELLO CONGRESS Representative & Senators! @housedemocrats.bsky.social @democrats.senate.gov The status quo of doing the same strategy is NOT WORKING. Americans expecting their elected officials to work hard on their behalf or be fired from the job. RESIST.
That describes the status quo and comity in the Senate and House that somehow allowed MAGA insurrectionist colleagues to go from embarrassed and fearful about Jan 6th to empowered, and now calling the shots.
I've already contacted my Senator, Schumer, about resigning and not running again.
Happens frequently in academic personnel management. It’s exhausting and disheartening for those who want the institutional context to enhance quality of life for faculty, students, and the greater community.
This! And Trump has changed position on tariffs back and forth so many times that sunk cost does not make sense in this instance. It is a narcissistic tactic though. Very cruel. 😳
Musk-lost fallacy: (n.) — "the phenomenon whereby a wealthy person is reluctant to abandon a strategy or course of action because they attached their name to it, even when it is clear that abandonment would be more beneficial"
What is my 0-10 senior year high school football team for $200?…. I was a starter. (Fun fact, we won our first game in round one of the playoffs! EAT SHIT Indiana Jay-County Patriots! sincerely Connersville Spartan Class of 00 alum)
Applies to so much in life - I’ve just spent another £1k fixing my lovely to drive but very unreliable Alfa Romeo. I know it’s way past time to cut my losses but ……..
Me every day trying to take 14 things into the kitchen in one go to save time … and still trying to find ways to hold the last two things 20 minutes later
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That's basically Trump's biggest problem, aside from the fact that he makes so many mistakes.
He has only one tool in his toolbox. Double down on his mistake.
Leon Festinger
Fuck.
Cut your losses while you're ahead!
Source: my mother, Mary L. Carbine. :-D
I've already contacted my Senator, Schumer, about resigning and not running again.