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by seba_dos1
1624 days ago
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> The fact that we are talking about this decision in terms of price implies these are normal, purchasable commodities whose relative prices are reasonably stable, and that monetary expense is a significant concern. Are trip prices "reasonably stable"? Isn't there actually a huge seasonal variance, last-minute offers and so on? > Of course there are situations where you can't or wouldn't want to buy the same thing at a later point in time, but in general you can. The example is about trips, which - at least in my experience - are usually chosen based on a huge set of variable incentives to go at specific time to a specific place. Anyway, the article gives no reason to assume that "the circumstances in the future are essentially the same (ie equal) as they are now" - it actually gives a reason to assume that there are other incentives than the price and doesn't mention whether they change or not in the future - so we can't assume that they won't (and even if we could, it would still be irrelevant to the point it's trying to convey - all it talks about is that autistic people are apparently more likely to take those other circumstances into account, which can lead to a different outcome). |
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The whole purpose of this discussion is that the point that the article is trying to convey, that autistic people are more likely to consider other circumstances and are thus more logical because they avoid the sunk cost bias is incorrect, because this is not an example of the sunk cost bias. The non-refundable cost you sunk into two things in the past is relevant to the decision of which one to keep because you can use it to predict future prices. What the article claims most people do is in fact the rational approach, and what the article claims autistic people do is generally irrational, thus working against the thesis of their article.