Beginning iOS Game Center and Game Kit: For iPhone, iPad, and iPod touch

What to Do When All Else Fails

An issue that is bound to come up when you have been working with networks long enough is that of what to do when the system you have designed no longer meets your needs. Let's discuss something that might be familiar to those of you who have taken some logic or business courses. There is a syndrome known as the “Sunk Cost Fallacy,” where when dealing with non-refundable resources, such as time, those cost are weighed as equally as refundable costs.

Take a look at the following equation.

Payoff = project revenue – open cost

Now let's look at the same example using some real-world data. In 1968, Knox and Inkster approached 141 horse bettors: 72 of the people had just finished placing a $2.00 bet within the past ...