Sunk cost straws

See these green things? They are reusable straws, purchased from Wawa. A lot of times people say “sunk costs” like it’s a bad thing. Part of Poker’s Appeal is thinking conditionally, and one way to do that is to avoid sunk costs. Here’s Maria Konnikova talking with Annie Duke: “The chips don’t remember they used … Continue reading Sunk cost straws

Multiply all potential WFH consequences by 1.2

From Maria Konnikova’s The Biggest Bluff. In the same way that mediums matter for content (why are there no good FinTwit YouTube channels?), mediums matter for work too.  Much work is information exchange. The internet repairman comes to your, now home, office to install a better modem and upgrade the internet plan. The internist diagnosis … Continue reading Multiply all potential WFH consequences by 1.2