Night At The Museum
Sunk Cost Theory
A cost that cannot be recovered once it has been incurred. Thus, do not let sunk costs affect future decisions. So where does perseverance stand in such light? I have had a good taste of this dilemma tonight, in a number of situations and even under various contexts.
Friday evening saw Lover, me and a new made friend Zhiqin, at the museums. It was the Night Festival and thus, there was free entry for all. The most exciting thing was actually the complimentary Caricature Drawing by professional artists at the Peranakan Museum. The number of people queuing up to be drawn was impossible and it took an excruciatingly long time before the three of us got our turns. We debated several times if we should just give up or continue to queue. We succumbed, decided to persevere and waited, blatantly ignoring the sunk cost theory.
The caricatures of Lover and me. See how prominent features on our real faces were exaggerated in the cartoon?
The night ended with the three of us walking away from the supposedly much awaited performance outside the National Museum at 1030pm - The Loop of Fortune. It started late and it was boring. We applied the sunk cost theory and got on our way home.
1:29 AM
