I recognized this concept long before I knew what it was called. A sunk cost is actually a kind of logical fallacy. Simply stated, the cost of a thing does not dictate the value of a thing.
Consider an example. I am a millionaire and have invested $20 million to build a power plant. At this juncture, it will cost another $10 million to complete. However, during the time we've spent building the current facility, new and more cost effective designs have been developed such that it…Continue
An excerpt from the life of Kairan:
My mom and I are watching The Weather Channel in our condo on the east cost of Florida. We want to see how nasty things will get for us with Hurricane Irene. It turns out she's forecast to pass by us two-hundred miles out to sea, throwing 50 to 70 mph winds our way.
Ya know, I really should stop reading news articles from CNN and Fox. The comments made by Americans usually portray that "ignorant" stereotype we so like to give ourselves to the rest of the world.
I'm pretty sure a few of you guys have heard the story where a man, claiming to be a prophet, decapitated a women in a supermarket. The story from the U.k plainly states the man's mental state. Let's take a look at the…Continue
I find it quite difficult to find a reliable news source that doesn't interject too much of their own biases into stories. As a result I tend to gravitate towards BBC news, as I find their coverage usually to be somewhat more middle of the road.
I was reading this article this morning:
For those who are of the TL;DR crowd…Continue
Added by Kai on April 19, 2011 at 10:51pm — No Comments
Catching up on the local news today, I read about a teenager (18) who has been showing nude photos to under age people and allegedly also molested 2 others.
The first article -from a local CNN affiliate- I ran into said:
A Henderson teen is under arrest, charged with statutory rape, sexually battery and a probation violation.The Henderson County Sheriff’s Office received a complaint about 18-year-old Westley Aaron Williams, of Fletcher, showing nude pictures to…
Added by Martin Pribble on July 7, 2010 at 7:09pm — No Comments