Iran and the sunk cost fallacy

Map of Middle East with glowing tectonic plate boundaries outlining regions including Turkey, Iran, Saudi Arabia, Egypt, and surrounding countries

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… Continue reading Iran and the sunk cost fallacy

Living like a local: Reminisces and observations about my recent trip to India, part two

When people ask what’s different about India, the sheer number of people is astounding.  Boasting a population of over 1.4 billion and still undergoing massive economic development, hotels, restaurants, and service businesses tend to feature at least twice if not three times the number of employees as in the United States and automation is barely… Continue reading Living like a local: Reminisces and observations about my recent trip to India, part two