So “Don’t eat your money” is a warning against the sunk cost fallacy.
But wouldn’t the rational response in the mullah’s situation be to start selling the “fruits” for about the same price as the one you bought them from.
it’s worth noting that he bought them for 2 pennies and the vendor is now gone, but yeah, sunk cost fallacy seems to be about right. For me, the visualization of the story is more real and powerful to me than remembering an abstract idea. There’s quite a lot of these stories and most of them are rather old, some more of them are here...
So “Don’t eat your money” is a warning against the sunk cost fallacy.
But wouldn’t the rational response in the mullah’s situation be to start selling the “fruits” for about the same price as the one you bought them from.
Interesting point…
it’s worth noting that he bought them for 2 pennies and the vendor is now gone, but yeah, sunk cost fallacy seems to be about right. For me, the visualization of the story is more real and powerful to me than remembering an abstract idea. There’s quite a lot of these stories and most of them are rather old, some more of them are here...
http://www.nasrudin-stories.com/