Followup to: Sunk Cost Fallacy
Related to: Rebelling Against Nature, Shut Up and Do the Impossible!
(expanded from my comment)
"The world is weary of the past—
O might it die or rest at last!"
— Percy Bysshe Shelley, from "Hellas"
Probability theory and decision theory push us in opposite directions. Induction demands that you cannot forget your past; the sunk cost fallacy demands that you must. Let me explain.
An important part of epistemic rationality is learning to be at home in a material universe. You are not a magical fount of originality and free will; you are a physical system: the same laws that bind the planets in their orbits, also bind you; the same sorts of regularities in... (read 700 more words →)