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Sunk Cost Effect (lemmy.world)
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[-] qooqie@lemmy.world 56 points 8 months ago

This is actually a great representation of the sunk cost fallacy

[-] hornface@fedia.io 18 points 8 months ago

It would be if the dog had a good reason to believe that it would get to the bone if it kept digging

[-] CrayonRosary@lemmy.world 2 points 8 months ago

Exactly! I can't see how anyone can read this comic and think the dog actually thinks he'll find the bone if he keeps digging. He implicitly agrees with the other dog that the bone isn't there.

[-] lawrence@lemmy.world 10 points 8 months ago

This is actually a great representation of me searching for my keys.

[-] ripcord@lemmy.world 11 points 8 months ago

Stop burying your keys underground

[-] CrayonRosary@lemmy.world 5 points 8 months ago* (last edited 8 months ago)

It's really not because he has absolutely zero expectation of actually getting a bone if he keeps digging. It actually makes no sense, and if you showed this to someone who's never heard of the Sunk Cost Fallacy and asked them to explain what it means, what are they going to say? "Um, it means you keep going when you know your wrong." Or something equally incorrect.

Here's a real world example of the sunk cost fallacy:

You saved up for months to buy two tickets to see a Broadway play for $400. You live in Maryland, and when it comes time to drive to NYC, your find your car won't start. You could only afford the tickets after months of saving, and now you have to rent a car to get the the show, and that will be another $400! "We have to do it. We can't let the $400 we spent on the tickets go to waste. We can eat rice and beans for two months."

The price of the tickets is the sunk cost. You've already spent it. It's gone. Now you have a brand new choice. You can spend $400 new dollars to go see a Broadway show. The fact that you already spent $400 is of no consequence, but humans just can't get it out of their heads that they'd be wasting that money if they don't spend even more money to go see the show. But that money is already gone! You now have an entirely different choice: spend $400 to go see a Broadway show. Or you can cut your losses and stay home.

That is the Sunk Cost Fallacy, not some dog who's too stupid to stop digging.

[-] anna_ql@lemmy.world 5 points 8 months ago* (last edited 8 months ago)

That is the Sunk Cost Fallacy, not some dog who’s too stupid to stop digging.

Sorry, but you are wrong. You are assuming Sunk Cost Fallacy only applies to ""throwing good money after bad". It also applies to time out of one's life. That is why it is often assigned to people who stay in relationships for longer than they should. The dog is throwing time away and refuses to waste the time he's already spent by giving up. See, that is the same as your example of spending an additional $400. Sunk Cost Fallacy applies to time as well.

he has absolutely zero expectation of actually getting a bone if he keeps digging

How do you know that the dog has zero expectation? You only know this because you are seeing a zoomed out view of all the panels of the comic. That is not the same view the dog has and the dog does in fact expect to find the bone if he digs just a little more.

[-] CrayonRosary@lemmy.world 1 points 8 months ago* (last edited 8 months ago)

You are assuming Sunk Cost Fallacy only applies to "“throwing good money after bad”.

I did not make any assumptions. I simply gave one good example. Nowhere in my comment did I say that money is the only possible sunk cost.

How do you know that the dog has zero expectation?

Because he almost literally says so! The one dog tells him his bone isn't there, and the other dog doesn't disagree. His "yes" is implied in his sentence fragment: "[Yes,] but I can't stop now." He agrees it's not there, but says he "can't stop". It's a stretch to say that's an example of the sunk cost fallacy at all, let alone a "a great example". I still think anyone reading this comic would not come away with a proper understanding of it.

I'm not the only one who thinks this. Hornface made the same comment and got highly upvoted. To think otherwise is just plainly wrong.

[-] bradorsomething@ttrpg.network 30 points 8 months ago

We’ve used the sunk cost fallacy too long to give up on it now.

[-] Anticorp@lemmy.world 2 points 8 months ago
[-] bleistift2@feddit.de 28 points 8 months ago

More commonly known (at least to me) as the Sunk Cost Fallacy.

[-] ininewcrow@lemmy.ca 14 points 8 months ago

This is what global finances is based on

[-] Paradachshund@lemmy.today 17 points 8 months ago

Someone please make an anti-meme version of this where he gets the bone in the last panel.

[-] Klear@lemmy.world 30 points 8 months ago
[-] SgtAStrawberry@lemmy.world 4 points 8 months ago

Super, I thought of doing a skeleton but didn't have the energy too, so I went with a big bone. Happy you did it though, it looks awesome.

[-] Klear@lemmy.world 5 points 8 months ago

Haha, second google image result for "cartoon dinosaur skeleton" go brrrrrr

Thanks! I thought this was going to be the punchline when I initially read the comic, so I jumped at the excuse to make it.

[-] SgtAStrawberry@lemmy.world 3 points 8 months ago

Work smart, not hard. Especially when making silly online comic edits.

[-] SgtAStrawberry@lemmy.world 17 points 8 months ago

I did two quick versions, I hope you like them.

[-] Paradachshund@lemmy.today 6 points 8 months ago

That first one is gold. 🎖️

[-] SgtAStrawberry@lemmy.world 2 points 8 months ago
[-] udon@lemmy.world 8 points 8 months ago

So someone at Duke University gets paid to make memes?

[-] herrcaptain@lemmy.ca 8 points 8 months ago

Hey, it's me looking for diamonds in Minecraft.

[-] spacecowboy@sh.itjust.works 4 points 8 months ago

Every lazy hydrovac operator.

“I looked here, I’m full.”

[-] vegantomato@lemmy.world 3 points 8 months ago

Flash game logic

[-] Anticorp@lemmy.world 3 points 8 months ago

This just made me want to play Minecraft.

this post was submitted on 29 Feb 2024
465 points (96.2% liked)

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