Econ Buzzwords and Incentive Compatibility

Some basic economic concepts, some buzzwords that you appear in economics and yeah, maybe even finance seminars too, might be useful in say like a parenting class. So can I give you just get one case study? Yeah, but let me go get a saw because if you're going to go out in a limb, I want to be ready. Okay, so it's winter 2002. How old is she? She's three at the time. Maybe off. But anyway, the deal with this, it's go home time at the preschool in the winter. And I see a parent struggling to get snow pants on his toddler. The buzzword that I use when I pick up my daughter