When I was a young wart-hog, I remember a Chuck E. Cheese commercial in which a kid is having a bad day, and dejectedly tells his mom, "I just can't win." So of course she takes him to Chuck E. Cheese and all is well.
Well I was in my company's gym the other day, and they were having a raffle. All you had to do is put your name on the card and drop it in the jar and you could win a Steptoe & Johnson towel, or hat, or something. Sweet.
So the submissions ended at 4 pm, and at 3:45pm I put my card in the jar. And I was the only card in the jar! I was a shoe-in! I was so excited, I called M. to say how we were going to win the grand S&J prize.
Four o'clock came and went, and then 5 o'clock and 6 o'clock. No one called me to congratulate me. I was in a contest of one (possibly two, if there was a late entry), and I lost. How pathetic is that!
The Sunk Cost Fallacy - I’m sure most of you are familiar with the sunk cost fallacy. For those who are not, or need a refresher, below is a useful explanation: Individuals commit...
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