5 years ago
Marie Kondo, Endowment Effect, and Sunk Costs
The recent popularity of a hit Netflix series, Tidying Up with Marie Kondo, has been a sobering reminder for me: I’m not good at cleaning out! I know that I have no practical use for my college fraternity shirts, for example, but they’re hard to let go of. Maybe I’ll be in dire need of a t-shirt blanket sometime in the future? I’m inclined to keep them, “just in case.”
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