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…
Tag: rationality
The paradox of incentive
If something is incentivized too strongly, it becomes disincentivized. Extrinsic motivation has important social utility. It can both drive prosocial behavior and inhibit antisocial behavior. In many cases, extrinsic rewards are natural. Praise is a natural response to someone doing something we want them to do, for example, as is expressing anger towards someone for…
thoughts on mind 