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    4 starseric | Shared With: Everyone - Aug 20 2007 | Iraq, news, war, economics
    'Sunk costs' and the war - Opinion - USATODAY.com

    An op-ed piece in the USA Today by economist Bruce Wydick.

    Quoted: Our inability to think clearly about sunk costs is impeding our ability to make clear decisions about our involvement in Iraq. Failing to correctly identify sunk costs (those that are irretrievable), and deal with them properly, biases our decision-making in favor of prolonging the war.

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