5min chapter

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#531 - Russ Roberts - An Economist’s Guide To Life’s Big Decisions

Modern Wisdom

CHAPTER

The Anxiety Cost

There's a topic that I have fallen in love with called anxiety cost. Anxiety cost is the mental effort that is taken up considering the thing that you are yet to do, which could have been gotten rid of by simply doing the thing. On average, it seems like people that make decisions end up being happier. People enjoy just making decisions and having change. So if you are faced with two relatively similar options, especially one which is reversible, and moving, this is one that I've been playing with for a long time because I recently moved to America.

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