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Sunk Cost Effect
(lemmy.world)
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this post was submitted on 29 Feb 2024
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Sorry, but you are wrong. You are assuming Sunk Cost Fallacy only applies to ""throwing good money after bad". It also applies to time out of one's life. That is why it is often assigned to people who stay in relationships for longer than they should. The dog is throwing time away and refuses to waste the time he's already spent by giving up. See, that is the same as your example of spending an additional $400. Sunk Cost Fallacy applies to time as well.
How do you know that the dog has zero expectation? You only know this because you are seeing a zoomed out view of all the panels of the comic. That is not the same view the dog has and the dog does in fact expect to find the bone if he digs just a little more.
I did not make any assumptions. I simply gave one good example. Nowhere in my comment did I say that money is the only possible sunk cost.
Because he almost literally says so! The one dog tells him his bone isn't there, and the other dog doesn't disagree. His "yes" is implied in his sentence fragment: "[Yes,] but I can't stop now." He agrees it's not there, but says he "can't stop". It's a stretch to say that's an example of the sunk cost fallacy at all, let alone a "a great example". I still think anyone reading this comic would not come away with a proper understanding of it.
I'm not the only one who thinks this. Hornface made the same comment and got highly upvoted. To think otherwise is just plainly wrong.