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    mk (mk@mastodon.satoshishop.de)'s status on Sunday, 18-Jun-2023 23:16:18 JSTmkmk
    in reply to
    • Sir Thirsty
    • BigSkyRider

    @dbolli @BigSkyRider

    it makes me angry, but i also know that most sheeple don't give a fuck because of sunk cost fallacy.

    fuck these people..let them get the software updates and see what happens.

    ---

    what is sunk cost fallacy?

    "sunk cost fallacy, where people justify increased investment in a decision, based on the cumulative prior investment, despite new evidence suggesting that the decision was probably wrong."

    https://en.wikipedia.org/wiki/List_of_cognitive_biases

    In conversation2 years ago from mastodon.satoshishop.depermalink

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      List of cognitive biases
      Cognitive biases are systematic patterns of deviation from norm and/or rationality in judgment. They are often studied in psychology, sociology and behavioral economics.Although the reality of most of these biases is confirmed by reproducible research, there are often controversies about how to classify these biases or how to explain them. Several theoretical causes are known for some cognitive biases, which provides a classification of biases by their common generative mechanism (such as noisy information-processing). Gerd Gigerenzer has criticized the framing of cognitive biases as errors in judgment, and favors interpreting them as arising from rational deviations from logical thought.Explanations include information-processing rules (i.e., mental shortcuts), called heuristics, that the brain uses to produce decisions or judgments. Biases have a variety of forms and appear as cognitive ("cold") bias, such as mental noise, or motivational ("hot") bias, such as when beliefs are distorted by wishful thinking. Both effects can be present at the same time.There are also controversies over some of these biases as to whether they count as useless or irrational...
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