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Annie's

Travel more, Read good, Live simply, Be nice

All about sunk cost - What is your inside power, baby?

Dear Annie,

It's not the first time that you come to me, and complain about your current situation. In my point of view, your problem is not about practical VS academic, but dream VS reality. Last night, you felt depressed, or even desperate for no reason in just one second, suddenly, unexpected. Your chest was so painful, that you can't even stand or sit. When you laid down in bed, you buried your head in the pillow, and left tears in that soft stuff.

Sweetie, I know how you are burdened these days- visibly, 3 global exams are to be prepared, as well as a series exams and essay exams afterward, What's more, you have to take responsibility to make your last stay in the University Graduate Center smooth; invisibly, you don't like your major, although you can make the results in academic transcript look perfect. Well, in the short term, they do challenge, but in the long run, will you really care about these tiny little things?

Before going into any details, ask yourself "what's your inside power?" Do you have something that you are willing to fight for your entire life? We have only one life to lead, so be yourself! I don't care if you prefer looking for a job after graduation than going for further study or vice versa. Whatever you choose, you shouldn't betray your inside power!

And another suggestion: don't afraid to take responsibilities! There are some sorts of "heavy" that seem unaffordable, however, it is them that make your life complete. Remember, pursuing freedom should, and must be under the assumptions that you rely on yourself and keep all other responsibilities done. If you wanna travel around the world, be sure that you finance it yourself and make your parents feel secure, otherwise you will forever be torn by "dream" and "reality". A grown-up is supposed to balance these two elements wisely.

Have a sound sleep and welcome a new tomorrow!

Yours,
CC

All about sunk cost - Jesus, could u tell me what should I do?



Dear CC,

Been a part-time "official" in the University Graduate Center, I was widely regarded as a wise instructor, whose three-year experience in designing and commanding on career paths for students can help them out of hesitating and struggling, rather than an ordinary girl facing the same problems as my fellow classmates.

I used to believe, that I was doomed to go for work in the job hunting season starting in this September, since during the past several years, I hardly sensed any interest in academic area- essays sound fairly fascinating, however, it is initiating a virtual program acts in reality. Nevertheless, I've already invested near 150 thousand RMB and three years in my current study. Am I stupid to throw away the coming revenue generated, without even one cent residual refund, and spend all the time & money in another program, which NPV (Net Present Value) is totally unknown?

Nobody living on the earth is a holy angel, and I, of course, is not an exception. I have no choice but take the past into account, seriously, to make my parents satisfied. But, just like people always ask, will I myself be satisfied? Clearly, if dream and interests go hand in hand, then all the words I am typing now is meaningless; if the covariance of dream and interests is exactly -1, what I should do, is choose one out of the two, after measuring the cost & benefits. The real world, on the other hand, is not such a simple mathematical model. More frequently, I hear the calls from heart, that I do love researching, being a book worm, doing presentation and debating upon concepts- both abstract and substantial. It seems the opposite two merges, instead of departs. Now I can't help wondering, was my past experience in the University Graduate Center reasonably or over strengthened my belief of taking a job directly after graduation?

We are told to dispose sunk costs without mercy whenever it is identified in economic framework. I'm not rational enough as an economic person, so what should be the right attitude towards the tradeoffs in the correct way?


Best,
Annie

Let's start!

Never expected a website outside my home country can be more accessible than those operate inland, I found it's time to transfer, as recommended by Leoo millions of years ago...

Well, let's start anyway, without any "bla bla" rubbish.
November 2009
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