Tag: Critical thinking
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Intellectual humility
Adam Grant pointed to How ‘Intellectual Humility’ Can Make You a Better Person which I found intriguing. We all have a tendency to overestimate how much we know — which, in turn, means that we often cling stubbornly to our beliefs while tuning out opinions different from our own. We generally believe we’re better or…
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Sunk Cost Fallacy
In economics, a sunk cost is any past cost that has already been paid and cannot be recovered. For example, a business may have invested a million dollars into new hardware. This money is now gone and cannot be recovered, so it shouldn’t figure into the business’s decision making process. … from How the Sunk Cost…