S E2: Core Principle 1 - The Cost-Benefit Principle - The Pros & Cons
Think Like An Economist
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Why You Shouldn't Buy a Cup of Coffee
For every decision, there are benefits and costs. You should choose something if the benefits of that choice are more than the cost. This principle can be applied to pretty much every decision you make. When thinking of which career to pursue, or even think of whether you should buy a cup of coffee.
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