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True Grit - Association for Psychological Science


Stashed in: Character, There is no finish line., Your argument is invalid., Psychology!, Never give up., Grit

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And there it is again:  sunk-cost fallacy.  Argh.

Another question we have pondered but not yet tested empirically is whether more grit is always better or, alternatively, whether there is some cost to being gritty that must be traded off against its benefits. There may be contexts in which grit begets lower achievement. For instance, grittier individuals may be more vulnerable to the sunk-cost fallacy, less open to information that contradicts their present beliefs, or otherwise handicapped by judgment and decision-making biases. Further, grittier individuals, by staying the course, may sometimes miss out on new opportunities because they are so focused on their original goal. Contrariwise, it is possible that a focus on valued long-term goals is compatible with active, open-minded judgment and decision making.

yay tough life choices

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