Fitter
Illuminator
- Joined
- Aug 29, 2006
- Messages
- 4,114
<snip> I thought you were referring to an EMI problem. Then I realized that not everything is work related.
Engine monitoring indicator?
<snip> I thought you were referring to an EMI problem. Then I realized that not everything is work related.
Episode 2: Featuring a puzzling riddle, a skeptical look at recent news and part one of two, discussing our trip to The Living Planet Vegan Festival and the Mind, Body, Spirit Festival.
http://www.nonsensepodcast.com/
When one makes a hopeless investment, one sometimes reasons: I can’t stop now, otherwise what I’ve invested so far will be lost. This is true, of course, but irrelevant to whether one should continue to invest in the project. Everything one has invested is lost regardless. If there is no hope for success in the future from the investment, then the fact that one has already lost a bundle should lead one to the conclusion that the rational thing to do is to withdraw from the project.
To continue to invest in a hopeless project is irrational. Such behavior may be a pathetic attempt to delay having to face the consequences of one's poor judgment. The irrationality is a way to save face, to appear to be knowledgeable, when in fact one is acting like an idiot.
Cool! I'll pass that along. I knew about that fallacy, but I didn't know its name.I'm enjoying the podcast a lot, arth. Keep up the good work!
Near the end of Episode two, Jason and the other guy were wondering what logical fallacy was being committed by the ear candling guy at the MBS show who kept saying "but I've been doing this for 13 years" to all your questions. I believe this is the sunk-cost fallacy.

Episode 3 is ready for download!
According to Jason, we received over 1200 downloads over the month of May! How cool is that?