case: (Default)
Case ([personal profile] case) wrote in [community profile] fandomsecrets2015-07-23 06:42 pm

[ SECRET POST #3123 ]


⌈ Secret Post #3123 ⌋

Warning: Some secrets are NOT worksafe and may contain SPOILERS.

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Notes:

Secrets Left to Post: 01 pages, 014 secrets from Secret Submission Post #446.
Secrets Not Posted: [ 0 - broken links ], [ 0 - not!secrets ], [ 0 - not!fandom ], [ 0 - too big ], [ 0 - repeat ].
Current Secret Submissions Post: here.
Suggestions, comments, and concerns should go here.

Re: So...

(Anonymous) 2015-07-24 01:19 am (UTC)(link)
sure, i'm not denying that it might be in your best interest to finish it up, having degrees is good

but that would be just as true whether you'd spent 50 bucks or 50,000

the fact that it would be a waste doesn't have anything to do with whether it's in your best interests to finish it up

sunk cost fallacy, basically. like, it's in your interest to finish it up if the value of having a degree is worth more to you than the cost it'll take (in money, time, effort, opportunity, etc) to finish up the degree. neither of those two things is affected by how much you've already spent on it.

Re: So...

(Anonymous) 2015-07-24 01:39 am (UTC)(link)
but that would be just as true whether you'd spent 50 bucks or 50,000

That's not quite how sunk costs works. The point posters above are trying to make is if you're $50k in and it will cost $5k to finish, you might as well go for it so as not to lose the initial investment entirely. It's a different calculation if you're $5k in and it will take $50k to finish.

Re: So...

(Anonymous) 2015-07-24 01:43 am (UTC)(link)
my point is that the only number that matters is how much it costs to finish. if it costs $5k to finish, it costs $5k to finish, regardless of whether you're $50k in or $5k in. the reason the two calculations are different is because the amount of money it'll take to finish is different - but the initial investment is not relevant, that money has been spent.

Re: So...

(Anonymous) 2015-07-24 09:37 pm (UTC)(link)
Well yes, but you also didn't factor in current debt tied with ability to pay it off. You have a better chance of getting a higher paid job (or, shall we say, a job at all) with a degree. If you've already paid twenty grand for college, that debt sticks with you whether you finish it or not, but you'll have an easier time paying it back if you have a better job, which is what the degree helps with.