0 sats \ 1 reply \ @beorange 10 Jul 2023 \ on: What’s the Hardest lesson you’ve learned from Bitcoin? bitcoin
That the resistance to change is a very powerful force.
Most people prefer to use a known system that is not a good fit for them, instead of considering new and better ways that are unfamiliar to them, but could improve their lives.
It is what it is.
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0 sats \ 0 replies \ @Lumor 10 Jul 2023
Sunk cost fallacy. I think there is something to it, not always just a fallacy.
Example I was thinking about today: Uprooting one's family and moving to a new place, building out relationships with new locals, planting new roots. Will they accept you as well as they did in your previous community? Maybe you are in a different age group by now and haven't yet figured out how to effectively find friends. Maybe you have to relearn the seasons and what grows best if you move far enough.
That may be part of an evolutionary biology explanation for why sunk cost is something we might overcompensate for.
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