The Sunk Cost Fallacy

Fed up talking videogames? Why?

Would you still go to the concert?

Yes
14
44%
No
18
56%
 
Total votes: 32
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OrangeReindeer
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PostRe: The Sunk Cost Fallacy
by OrangeReindeer » Thu Jul 12, 2018 12:19 am

This thread is so frustrating. It shouldn't need to be made explicit in the hypothetical that the ticket is non-refundable and non-transferable. For everyone saying "well I probably do want to see Drake if I bought the ticket", imagine that you bought the ticket to see the support act and they have since cancelled. Maybe that'll help accept the situation where you bought a ticket to something you don't want to go to, where the only choice to be made is whether to go or not.

What about this one, considering this is a gaming forum: You buy a digital game and quickly decide you enjoy nothing about it. Do you keep playing to completion out of some obligation to get your money's worth?

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Tragic Magic
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PostRe: The Sunk Cost Fallacy
by Tragic Magic » Thu Jul 12, 2018 12:20 am

That's easy, I'd get a refund through Steam.

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OrangeReindeer
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PostRe: The Sunk Cost Fallacy
by OrangeReindeer » Thu Jul 12, 2018 12:21 am

I hate u

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Tomous
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PostRe: The Sunk Cost Fallacy
by Tomous » Thu Jul 12, 2018 12:57 am

I’d trade the game with Preezy for Drake tickets

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Alvin Flummux
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PostRe: The Sunk Cost Fallacy
by Alvin Flummux » Thu Jul 12, 2018 3:22 am

I'd go, because I spent the money, but I'd look for other activities to do in the area so maybe I could get more out of the trip before and after the concert, to make it feel worthwhile.

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Lee Carvallo's Putting Challenge
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PostRe: The Sunk Cost Fallacy
by Lee Carvallo's Putting Challenge » Thu Jul 12, 2018 6:20 am

If I bought tickets and then later decided I no longer wanted to go, I'd quickly deduce my social/one of many other anxieties was playing up and I was trying to talk myself into staying in my comfort zone. So I would end up going anyway and would likely have a good time, later wondering what the hell I was worried about to begin with.

| (•_•)| S: This is the best date I've been on since my last date. PB: This is not a date.
S: Neither was the last one. It was a robbery. M: Really? S: Yeah. She stole my heart. And my crown. (❍ᴥ❍ʋ)
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Lee Carvallo's Putting Challenge
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PostRe: The Sunk Cost Fallacy
by Lee Carvallo's Putting Challenge » Thu Jul 12, 2018 6:27 am

OrangeRakoon wrote:What about this one, considering this is a gaming forum: You buy a digital game and quickly decide you enjoy nothing about it. Do you keep playing to completion out of some obligation to get your money's worth?


No. If you change quickly decide to eventually realise.

| (•_•)| S: This is the best date I've been on since my last date. PB: This is not a date.
S: Neither was the last one. It was a robbery. M: Really? S: Yeah. She stole my heart. And my crown. (❍ᴥ❍ʋ)
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Partridge Iciclebubbles
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PostRe: The Sunk Cost Fallacy
by Partridge Iciclebubbles » Thu Jul 12, 2018 7:28 am

OrangeRakoon wrote:For everyone saying "well I probably do want to see Drake if I bought the ticket", imagine that you bought the ticket to see the support act and they have since cancelled.


Who the strawberry float spends lots of money on a big act, just to see the support act? It would be cheaper to go to the gig of the support act and not have to put up with watching Drake.

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Saigon Slick
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PostRe: The Sunk Cost Fallacy
by Saigon Slick » Thu Jul 12, 2018 7:32 am

Moggy wrote:
OrangeRakoon wrote:For everyone saying "well I probably do want to see Drake if I bought the ticket", imagine that you bought the ticket to see the support act and they have since cancelled.


Who the strawberry float spends lots of money on a big act, just to see the support act? It would be cheaper to go to the gig of the support act and not have to put up with watching Drake.


Or you could end up with what I call a Silversun Pickups situation, wherein I missed them supporting Placebo in 2009 and they never came back. :cry:

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Partridge Iciclebubbles
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PostRe: The Sunk Cost Fallacy
by Partridge Iciclebubbles » Thu Jul 12, 2018 7:44 am

Corazon de Leon wrote:
Moggy wrote:
OrangeRakoon wrote:For everyone saying "well I probably do want to see Drake if I bought the ticket", imagine that you bought the ticket to see the support act and they have since cancelled.


Who the strawberry float spends lots of money on a big act, just to see the support act? It would be cheaper to go to the gig of the support act and not have to put up with watching Drake.


Or you could end up with what I call a Silversun Pickups situation, wherein I missed them supporting Placebo in 2009 and they never came back. :cry:


You didn't want to see Placebo?

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Saigon Slick
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PostRe: The Sunk Cost Fallacy
by Saigon Slick » Thu Jul 12, 2018 8:47 am

Moggy wrote:
Corazon de Leon wrote:
Moggy wrote:
OrangeRakoon wrote:For everyone saying "well I probably do want to see Drake if I bought the ticket", imagine that you bought the ticket to see the support act and they have since cancelled.


Who the strawberry float spends lots of money on a big act, just to see the support act? It would be cheaper to go to the gig of the support act and not have to put up with watching Drake.


Or you could end up with what I call a Silversun Pickups situation, wherein I missed them supporting Placebo in 2009 and they never came back. :cry:


You didn't want to see Placebo?


I wasn’t bothered - had already seen them a few times and probably wouldn’t have bought a ticket otherwise.

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sawyerpip
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PostRe: The Sunk Cost Fallacy
by sawyerpip » Fri Jul 13, 2018 7:33 pm

Here's a (not so) hypothetical example for you all - you sat down to watch the Isner v Anderson Wimbledon semi-final at 1pm. It's now half past 7 and it's still going on. You're completely bored and have other things you want to do, but you've invested so much time into this match you don't want to miss the ending. What do you do?

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Partridge Iciclebubbles
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PostRe: The Sunk Cost Fallacy
by Partridge Iciclebubbles » Fri Jul 13, 2018 7:38 pm

sawyerpip wrote:Here's a (not so) hypothetical example for you all - you sat down to watch the Isner v Anderson Wimbledon semi-final at 1pm. It's now half past 7 and it's still going on. You're completely bored and have other things you want to do, but you've invested so much time into this match you don't want to miss the ending. What do you do?


Record it and fast forward through it tomorrow.

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Poncho
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PostRe: The Sunk Cost Fallacy
by Poncho » Fri Jul 13, 2018 7:42 pm

I'm going through this right now with the tennis. It's so boring and the quality of play has been so low that I am very aware I'm wasting my Friday evening and should do something else, but I feel like I've got to stick it out now.

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As Fat as Santa
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PostRe: The Sunk Cost Fallacy
by As Fat as Santa » Sat Jul 14, 2018 12:44 am

Moggy wrote:
sawyerpip wrote:Here's a (not so) hypothetical example for you all - you sat down to watch the Isner v Anderson Wimbledon semi-final at 1pm. It's now half past 7 and it's still going on. You're completely bored and have other things you want to do, but you've invested so much time into this match you don't want to miss the ending. What do you do?


Record it and fast forward through it tomorrow.


Do other things and check the Tennis Thread Title for spoilers.

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Lee Carvallo's Putting Challenge
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PostRe: The Sunk Cost Fallacy
by Lee Carvallo's Putting Challenge » Sat Jul 14, 2018 6:16 am

Pedz wrote:
Moggy wrote:
sawyerpip wrote:Here's a (not so) hypothetical example for you all - you sat down to watch the Isner v Anderson Wimbledon semi-final at 1pm. It's now half past 7 and it's still going on. You're completely bored and have other things you want to do, but you've invested so much time into this match you don't want to miss the ending. What do you do?


Record it and fast forward through it tomorrow.


Do other things and check the Tennis Thread Title for spoilers.


legit irl lol

I chose to do the other things.

| (•_•)| S: This is the best date I've been on since my last date. PB: This is not a date.
S: Neither was the last one. It was a robbery. M: Really? S: Yeah. She stole my heart. And my crown. (❍ᴥ❍ʋ)
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Advent7
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PostRe: The Sunk Cost Fallacy
by Advent7 » Sat Jul 14, 2018 8:34 am

Moggy wrote:Who the strawberry float spends lots of money on a big act, just to see the support act? It would be cheaper to go to the gig of the support act and not have to put up with watching Drake.


I remember back when oasis were massive, they were supporting the black crows in the US throughout whole tour and a good chunk of the crowds were oasis fans who would leave before the black crows came on.

In response to the topic, it's linked to disposable income really. Back in the day I'd have gone to the gig regardless because I'd spent the money and it'd feel like a waste, whereas recently we've bought tickets to gigs and then they've got closer and we flat out can't be arsed to go any more and agreed the only reason we were still thinking of doing so was because we'd already paid for it.

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Tragic Magic
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PostRe: The Sunk Cost Fallacy
by Tragic Magic » Mon Jul 16, 2018 9:07 am

I think I have a good example.

You've paid £200 to attend a stag weekend and you're best man to the groom. But a month before the stag, the wedding is called off due to an altercation. It's too late to get your money back so do you go on the weekend for just a lads piss up, spending more money on travel, food and booze or do you not bother?

I'm not gonna bother :x

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Partridge Iciclebubbles
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PostRe: The Sunk Cost Fallacy
by Partridge Iciclebubbles » Mon Jul 16, 2018 9:20 am

Tragic Magic wrote:I think I have a good example.

You've paid £200 to attend a stag weekend and you're best man to the groom. But a month before the stag, the wedding is called off due to an altercation. It's too late to get your money back so do you go on the weekend for just a lads piss up, spending more money on travel, food and booze or do you not bother?

I'm not gonna bother :x


Depends on how many drag queen shows you can see while you are away.

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Preezy
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PostRe: The Sunk Cost Fallacy
by Preezy » Tue Dec 11, 2018 1:25 pm

Quite a bump, but I feel it's necessary - I've become the very example I gave in my OP. Earlier in the year I bought some tickets for Jacob Banks in London (he's decent, check him out). And now, just a night before the gig, me and the wife can't be arsed with traipsing up to London on a week night, spending money on travel, food and drink, to get crushed in a crowded standing-only venue. Too tired, too skint, not passionate enough about the artist. My wife argued that we're wasting the money spent on the tickets, but I expertly (I'm an expert) argued that it would be wasting more money if we went to the concert that we no longer really want to go to. The money spent on the tickets has long gone, spending more to stop the initial money being "wasted" is a fool's errand.

The sunk cost fallacy has been defeated, all hail cold logic! :toot:


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