A few years ago, I wrote a post about the purpose of TV and I think I sold it (TV) short. That is, in that post, I essentially decried TV: Watching TV is a mechanism that allows people to stay at jobs that they are otherwise less pleased about. Being able to tune into a created …
Tag Archives: Sunk Cost Trap
The Sunk Cost Trap on TV: Fitzgerald Grant and Olivia Pope
A few months ago on the popular TV series “Scandal,” the fictional President of the United States fell into the sunk cost trap: We have to get Olivia back, not just because I love her, not just because having her out there is a threat to national security. There are soldiers who are never coming home …
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Meditation Mitigates Effects of Cognitive Biases
There have been thousands of scholarly articles written about the myriad benefits of meditation, but the one I came across recently was one of the first that confirmed one of my previously held beliefs: meditation helps you make better decisions. The thing that struck me most about this study were the similarities to an experiment …
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Ignore Sunk Costs: List of Biases in Judgment and Decision-Making, Part 1
It can be really fun to write a series of posts on a particular topic. By my count, I’ve done this at least seven times so far. Today, I’d like to start what I hope will be an oft-read series on biases in judgment and decision-making (to some, cognitive biases). Because of my background in …
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Jeremiah Stanghini 