wendy's whims

Wendy — Fri, 30 Dec 2011 09:26:25 +0000

We wouldn’t worry so much what people think of us if we realized how seldom they do.

- Oscar Wilde

Wendy — Thu, 29 Dec 2011 06:29:45 +0000

If you fail to believe you will procrastinate or become idealistic about how awesome you are at working hard and managing your time you never develop a strategy for outmaneuvering your own weakness.

[Source: http://youarenotsosmart.com/2010/10/27/procrastination/]

Wendy — Mon, 19 Dec 2011 05:23:00 +0000

“We are what we pretend to be, so we must be careful about what we pretend to be.”

– Kurt Vonnegut

Sunk Cost Fallacy

Wendy — Thu, 15 Dec 2011 16:59:00 +0000

Completely random thing to think about at 1am. But was reading an article on the Sunk Cost Fallacy. Link at the end of this post.

Scenario 1: You are on your way to watch a movie which costs $10. On your way to the cinema, you lose $10 from your wallet. Would you still proceed to buy the tickets?

88% of people would.

Scenario 2: You have bought the tickets for $10. You lost the tickets. Would you repurchase the tickets to watch the movie?

Only 46% of people would. Most would not.

If you really think about it, the 2 situations are absolutely identical. But even as I know this, and go through the scenarios again and again, I still arrive at different conclusions for both.

It’s mindboggling. The theory is that in Scenario 2, we tend to think that we have “assigned the money to a specific purpose”. Something like we plonk it into different ledgers in our head (in accounting terms haha). Thus justifying to ourselves the different choices.

This is WEIRD. Why does my brain work this way?

Source: http://youarenotsosmart.com/2011/03/25/the-sunk-cost-fallacy/

McDonald’s Monopoly Chance Card

Wendy — Mon, 14 Nov 2011 11:55:00 +0000

If you go to http://www.mcdwin.com/winners which is the Winner’s Gallery page and scroll down to “W” (names are sorted alphabetically), you might see a familiar face hehehe.

Here’s the important portion zoomed in, for the benefit of the thick-headed/stamp-eyed:

Lololol. Something about this is very funny but I can’t really figure out what. Is it the fact that most of the lucky draw winner photos really really really look like passport photos!?

But I guess it’s quite a hoot to have my face on a McDonald’s lucky draw website at some point in my life. My life is now complete.

Btw the striped tee I wore was not just some random top ok. It was chosen deliberately as a tribute to this guy:

Dude it’s the Hamburglar. Remember him?