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GamePath

Loss Aversion and the Sunk-Cost Fallacy

www.bbc.com/capital/story/20180914-the-trick-to-learning-when-to-cut-your-losses What links these examples is the phenomenon of continuing to throw good resources (time or money) after bad, hoping for things to improve when there’s no good reason to believe they will. In other words, people are loath to cut their losses. We are much more likely to continue to senselessly plough time or […]

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Analytics Enterprise Apps Product Management Project Management Teams Technology Uncategorized

Valuing “Institutional” Knowledge

It seems to me that institutional knowledge (IK) is like common sense. Much as there is rarely anything ‘common’ about common sense so is there rarely anything remotely ‘institutional’ about institutional knowledge. Most often, IK is the province of your more rabid ivory-tower, b-school types who use IK as an excuse to justify chairing more […]