You’re standing at a bus stop, waiting for a ride that seems like it will never come. At first, you’re hopeful that it will be here any second. But as the minutes laggardly drag on, doubt creeps in. Should you keep waiting, or is it smarter to start walking or call for a ride?
“It’s a classic dilemma. “Do you persist with the belief that the bus is on its way, or do you cut your losses and move on to something else?” asks Joe Kable, a psychologist in the School of Arts & Sciences at the University of Pennsylvania. The question isn’t just whether you have the patience to wait, he says. “It’s about understanding when it pays off to stick with something and when cutting your losses is the better choice.”
Kable draws parallels to two competing ideas ...
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