How to make better decisions & avoid sunk cost fallacy | Florian Aigner | TEDxDonauinsel

Florian Aigner talks about the Sunk Cost Fallacy and describes our tendency to follow through on an endeavour if we have already invested in it (be it time, effort, or money), whether the current costs outweigh the benefits. Here is how to make better decisions looking at the current situation and not looking at the past. Florian Aigner obtained a doctorate in theoretical quantum physics at TU Wien (Vienna) before switching to science journalism. He is a newspaper and radio columnist and author of popular science books. He focuses on natural science and technology, but also on the philosophy of science and the relationship between science and pseudoscience or fake news. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx

[@onyekavet]

1:18 "What is gone is gone. You have to optimize your current situation and not throw good money off the bad..."

[@cjpsatish]

Awesome! well explained. 👍👍

[@pigpro98]

Great video, thanks

[@NafSlaveOfAllaah]

Bismillah and Alhamdulillah
As Salaam alaikum brothers and sisters ❤!

[@Dyson-yq1mk]

30 minutes agos i was reluctant in asking for a break up because i felt i have sacrifaced too much to let her go now💔💔

[@jackaler5973]

First half was good. Second half was political soapbox lol.

[@des_smith7658]

RMS Titanic is another one

[@Serialchiller535]

Great

[@justze6710]

Me and college

[@drnantz]

Putin and Ukraine.

[@balajikumar4027]

Exactly

[@saimaannorppa8669]

what

[@des_smith7658]

Ukraine is well and truly sunk

[@urimtefiki226]

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Inteligjenca e Urimit. Supreme Intelligent Algorithm SIA.