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Graham Lee
@iwasleeg
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7. sij 2019. |
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My imposter syndrome is your Dunning-Kruger effect
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Peter Watt
@PeterAWatt
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29. sij |
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Skin in the game makes you care about alternative options from now on such as "keep digging this hole or stop". The sunk cost fallacy can mislead when a past decision to dig turns out to be wrong but you think you can make it retrospectively right by continuing to dig.
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Tekla Ilushina
@IcyTekla
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18. ruj |
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Wouldn't skin in the game imply ongoing exposure?
"I've been at this job 10 years, I cant just quit" is sunk cost.
"I have an equity stake in the company" is skin in the game.
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Zero
@TrivialGravitas
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28. sij |
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Sunk cost is about chasing an eventual payoff. It requires skin in the game in some sense
"I have equity in the company, if it goes under I'll lose it, so I should invest even more to get past this rough patch"
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