homo economicus
Monday, June 29th, 2009Everyone with basic education in economics should know the concept of sunk cost, the cost that has been already incurred and cannot be recovered. Some might also have heard about “the sunk cost dilemma,” a theory which states the possibility to result in an overall disaster despite the sequence of good and rational decisions.
I want to say that I have tried my best to be a good person and work things out. Despite the sequence of my ‘most rational’ decisions, however, I am down here with a mess. Knowing the fact that things already happened and I should move on, I am still stuck with the sunk cost I should leave behind. I guess I am not the most economic person, particularly in terms of relationships with people; and I wish I could be.
