AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Parking Lots, Transaction Costs of the Price Mechanism, and the Pork Pie Fedora Rogue
The Answer Is Transaction Costs
Understanding Subjective Valuations of Transaction Costs
This chapter explores the subjective valuations of transaction costs among individuals with similar circumstances. It uses a personal shopping example to illustrate the complexities involved in decision-making influenced by behavioral economics.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode