In economics and business decision-making, a sunk cost (also known as retrospective cost) is a cost that has already been incurred and cannot be recovered.[1][2] Sunk costs are contrasted with prospective costs, which are future costs that may be avoided if action is taken.[3] In other words, a sunk cost is a sum paid in the past that is no longer relevant to decisions about the future. Even though economists argue that sunk costs are no longer relevant to future rational decision-making, people in everyday life often take previous expenditures in situations, such as repairing a car or house, into their future decisions regarding those properties... The bygones principle does not always accord with real-world behavior. Sunk costs often influence people's decisions,[7][14] with people believing that investments (i.e., sunk costs) justify further expenditures.[16] People demonstrate "a greater tendency to continue an endeavor once an investment in money, effort, or time has been made".[17][18] This is the sunk cost fallacy, and such behavior may be described as "throwing good money after bad",[19][14] while refusing to succumb to what may be described as "cutting one's losses". https://en.wikipedia.org/wiki/Sunk_cost

Baldur Bjarnason: Sunk Cost Fallacy: chasing a half-baked idea for much too long. Colophon Cards: It all began well. In the first half of 2022 I worked, part-time, on a research project called Colophon Cards that was funded by The Icelandic Centre for Research’s Technology Development Fund. (more)

Baldur Bjarnason: Feeling The Itch. Since I turned freelancer three years ago – almost exactly three years now – the only greenfield project I’ve been involved with was one I started myself, but that ran out of funding after the research and prototyping stage and finding additional funding here in Iceland proved extremely tricky. Colophon Cards (more)

Shreyas Doshi: Why do companies with major resources & distribution often make mediocre products? ...is one under-discussed reason: Operators Optimizing for Optics. (theater) (more)

Joan Westenberg: The creator economy can't rely on Patreon. I've been thinking about a friend who used to run a cooking channel on YouTube. (more)

aka Nadia Asparouhova, author, Working in Public: The Making and Maintenance of Open Source Software ASIN:B08BDGXVK9 (more)

Idea of a Virtual Reality-based ThinkingSpace. Goal: Augmenting Human Intellect. (more)

He is noted for having made several key contributions to the study of business and corporate strategy. His 1974 study of diversification strategy inaugurated a stream of work on the performance implications of diversification. His 1982 paper with Steven Lippman showed how classical industrial organization results---profitability being related to concentration and to market share---could arise under perfect competition if there was uncertainty in the sources of efficiency. This result was key in the development of the "resource-based view" of strategic success. Rumelt's 1991 empirical follow-on (How Much Does Industry Matter?) showed that the most of the dispersion of profit rates in the economy was between business units rather than between industries. His 2011 book (Good Strategy/Bad Strategy) redefined strategy as a form of problem solving. It was chosen one of six finalists for the Financial Times & Goldman Sachs Business Book of the Year award for 2011. https://en.wikipedia.org/wiki/Richard_Rumelt (see also more recent book Crux)

Building user management in WikiFlux so it will be multi-user. And putting in Stripe subscription setup. (more)

There's an election Apr04, and I want to see what I can find out about the Barrington, IL candidates. (more)

Nolan Lawson toots: The biggest danger to the web IMO is the emerging Google-Apple (web-browser) duopoloy, and the fact that whatever bugs existed in WebKit at the time of the Blink split will just be "how the web works." This is why projects like Servo, Ladybird, and Flow are so important – they prove you can still build a browser from scratch, just based on the spec. (And thank heavens for the spec writers who made this possible.) (more)

Secure Sockets Layer, protocol for encrypting data between the Web Browser and the Web Server. Aka https. (more)

Transport Layer Security (TLS) is a cryptographic protocol designed to provide communications security over a computer network. The protocol is widely used in applications such as email, instant messaging, and voice over IP, but its use in securing HTTPS remains the most publicly visible... TLS builds on the now-deprecated SSL (Secure Sockets Layer) specifications. https://en.wikipedia.org/wiki/Transport_Layer_Security

Hypertext Transfer Protocol Secure (HTTPS) is an extension of the Hypertext Transfer Protocol (HTTP). It uses encryption for secure communication over a computer network, and is widely used on the Internet.[1][2] In HTTPS, the communication protocol is encrypted using Transport Layer Security (TLS) or, formerly, Secure Sockets Layer (SSL). The protocol is therefore also referred to as HTTP over TLS,[3] or HTTP over SSL. https://en.wikipedia.org/wiki/HTTPS

HTTPS Everywhere was inspired by Google's increased use of HTTPS[8] and is designed to force the usage of HTTPS automatically whenever possible... HTTPS Everywhere is a discontinued free and open-source browser extension for Google Chrome, Microsoft Edge, Mozilla Firefox, Opera, Brave, Vivaldi and Firefox for Android, which was developed collaboratively by The Tor Project and the Electronic Frontier Foundation (EFF).[4] It automatically makes websites use a more secure HTTPS connection instead of HTTP, if they support it.[5] The option "Encrypt All Sites Eligible" makes it possible to block and unblock all non-HTTPS browser connections with one click.[6] Due to the widespread adoption of HTTPS on the World Wide Web, and the integration of HTTPS-only mode on major browsers, the extension was retired in January 2023. https://en.wikipedia.org/wiki/HTTPS_Everywhere

aka HUD/Heads-Up Display, HMD/Head-Mounted Display (more)

Gender-affirming care for trans youth improves mental health: Study. Gender-affirming hormone therapy improves the mental health of transgender adolescents and teenagers, a new study released Wednesday in the New England Journal of Medicine showed. (more)

When Transgender Kids Transition, Medical Risks are Both Known and Unknown. When someone makes the decision to transition, part of that process can be social — choosing a new name, changing pronouns, wearing different clothes — and part of it can be medical. (more)

'Puberty is not a medical condition' billboard unveiled in Los Angeles; push for other cities starts. A billboard aiming to force discussion on the gender-transitioning of minors has been erected in Los Angeles and it asserts that "puberty is not a medical condition." (more)

Ash Maurya: The Early Stage Secret. I still remember many vivid conversations with other authors, consultants, and thought leaders during the early days of the Lean Startup movement circa 2010. They were all trying to swim downstream, i.e., following the money, to land consulting gigs with growing startups and corporates. For some inexplicable reason, I found myself swimming the other way alone. (more)