The Daily Meaning

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Travis Shelton Travis Shelton

The Psychological Impact of Sunk Costs

I thought you deserve an update on my NBA play-in game ticket debacle. After literally everything working against me, I had two tickets to last night’s 8-seed play-in game (which cost a total of $550)…..and nobody to go with me. As the week played out, I continually debated what to do about the situation.

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Travis Shelton Travis Shelton

Protecting Yourself From Yourself

In a recent meeting, someone told me about how they invest in their company’s stock from each paycheck. This in and of itself isn’t worth writing about…..lots of people do this. What she said next is what drew me in. “I really don’t know if this is the best investment, but it makes sure I don’t spend it on something else. I know it’s there.” This is one of the countless ways people play games with themselves to achieve something. Or as I like to call it, “protecting yourself from yourself.”

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