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    mk (mk@mastodon.satoshishop.de)'s status on Friday, 22-Nov-2024 19:15:20 JSTmkmk
    in reply to
    • Nicolas Hulscher, MPH

    @nichulscher

    they will never admit it because of the sunk cost fallacy
    https://mastodon.satoshishop.de/@mk/111031250073009269

    and recall bias
    https://mastodon.satoshishop.de/@mk/112197690474384110

    In conversationabout 2 days ago from gnusocial.jppermalink

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      mk (@mk@mastodon.satoshishop.de)
      from mk
      @AnungIkwe@spinster.xyz "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
    2. No result found on File_thumbnail lookup.
      mk (@mk@mastodon.satoshishop.de)
      from mk
      what is Recall bias? "recall bias is a systematic error[..]by study participants regarding events or experiences from the past" https://en.wikipedia.org/wiki/Recall_bias
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