Monthly Archives: June 2011

Is This Really a War of Necessity?

As Secretary of Defense Robert Gates prepares to leave office, he is reflecting on the past, and warning of the future. According to an article on nytimes.com, Secretary Gates has grown weary of “wars of choice”. I’m not sure whether … Continue reading

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Reflecting on the Sunk Cost Fallacy

I was discussing the sunk cost fallacy with some colleagues over dinner the other day, and posed the following question: What would happen if people were immune to the sunk cost fallacy? “People would make better decisions”. How could acting … Continue reading

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