Act Like Someone’s Watching You

The observer effect is a common principle in quantum mechanics. Basically, it states that the mere observance of an object changes the actual object. You can read more about it, including Schrodinger’s famous cat, HERE. The Stoics advocate behaving as if someone is always watching you. Someone you admire and respect. Seneca called it havingContinue reading “Act Like Someone’s Watching You”

Sunk Costs Will Sink You

In finance, a sunk cost is defined as a cost that’s already been incurred and can’t be recovered. Classical economists argue that when making a rational decision, sunk costs should not be taken into account. They are bygone. All that should be considered are current alternatives and future consequences. Sounds great in theory, but humanContinue reading “Sunk Costs Will Sink You”