The Sunk-Costs Trap in Claims
It’s hard to imagine that flying used to be glamorous, but for those who remember the Concorde, they know it was the epitome of glamour. The supersonic jet flew at 60,000 feet—high enough for you to see the Earth’s curvature—and could blast you from Paris to New York in three and a half hours. Think about that the next time you are in row 52, next to a hungover college student who poured himself into his seat after a 168-hour non-stop spring break party visiting his friends abroad.