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Iran and the sunk cost fallacy

Why are some unwilling to take half-a-loaf by forging a less than satisfying deal or even reverting to the status quo, making not getting the optimal outcome into an embarrassing defeat? While the conflict with Iran lumbers onward through an admittedly bizarre non-ceasefire ceasefire, some are arguing that we have only two options:  Either accept…

Zip ties and duct tape, life lessons from racing cars

We spent Saturday morning wondering what hell could be wrong with our car and perhaps more importantly, could we fix it? This wasn’t merely an academic question. If we were unable to figure out, our weekend would’ve been over almost before it began.  On Saturday morning, my brother and I were stuck in the garage at…

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