Xerographica wrote:Forsher wrote:
Sunk cost fallacy.
It doesn't matter how much you've spent on a motorway, if spending another dollar on it is worse than not spending that dollar on it, don't spend another dollar on it.
All else being equal, which is more useful to society...?
X. a motorway that consists of the mayor cutting the tape and shoveling the 1st bit of dirt that won't be completed for 10 years
Y. a motorway that people just started using
Z. a freeway in any stage of development
The correct answer is "something that gets funded instead that adds more value". It might seem pointless, but the opportunity cost of spending money on shit projects that aren't good even if they're finished is a lot worse than just spending the money on good projects and leaving the bad ones unfinished.
Don't throw good money after bad.