It’s Friday night. You want to go to the movies. You purchased the ticket two months ago. On the day of the event, you don’t feel like going out. You want to stay home and chill.

Now, let’s add more constraints and say that the movie ticket is non-refundable, meaning that you cannot get your money back, and also non-transferable, meaning that you cannot pass or donate the ticket to, say, a friend. Do you go to the movie anyway? Just to avoid losing the money attached to the ticket? Remember, you don’t feel like going out. A lot of people would say yes, I would go out, I do not want to lose my ticket!

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I just do things — youtube.com/c/RobertBlanc twitter.com/robsblanc I research, write and build learning environments to help us think and create.

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I just do things — youtube.com/c/RobertBlanc twitter.com/robsblanc I research, write and build learning environments to help us think and create.

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