Of course you should ignore "sunk costs" - the problem is deciding what's a "sunk cost" and what's "an investment" with an associated probability on its return.
Thanks for articulating that so well.
It's easy to analyze sunk costs when actions can be considered in isolation academically. It's not at all the same situation when things are not so clean.
What if the concert was at CBGB, and it was closing the next day? What if you liked Streisand and it was possibly her last show? What if it was the last tour of KK Downing? Would any amount of money make selling your tickets worthwhile?
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Thanks for articulating that so well.
It's easy to analyze sunk costs when actions can be considered in isolation academically. It's not at all the same situation when things are not so clean.
What if the concert was at CBGB, and it was closing the next day? What if you liked Streisand and it was possibly her last show? What if it was the last tour of KK Downing? Would any amount of money make selling your tickets worthwhile?
KK Downing demon-possessed and fully lit @4:26
https://www.youtube.com/watch?v=J4d5sMg8eCE