What the sunk cost fallacy isn’t

I’ve invested too much to back out now. Is this thought a mistake, or not? Costs Every action incurs a cost. The cost is whatever you lose by taking the action. In some cases a cost can be recovered, and in other cases a cost is unrecoverable or sunk. In economics it’s said that there’s…

Possibility, necessity, and imagination

In philosophy, specifically in metaphysics, we often speak of what is “possible” or “contingent” and what is “necessary”. If something is necessarily true, then it cannot possibly to be false. An example of necessary truth might be mathematical theorems. If something is contingent, then it’s true but possibly could have been false. We often talk…