Mice don’t know when to let it go, either
Erica Goode reports: Suppose that, seeking a fun evening out, you pay $175 for a ticket to a new Broadway musical. Seated in the balcony, you quickly realize that the acting is bad, the sets are ugly and no one, you suspect, will go home humming the melodies. Do you head out the door at the intermission, or stick it out for the duration? Studies of human decision-making suggest that most people will stay put, even though money spent in…