Think Like An Economist cover image

S E2: Core Principle 1 - The Cost-Benefit Principle - The Pros & Cons

Think Like An Economist

00:00

The Cost Benefit Principle

The cost benefit principle reminds you than any decision you face, there's going to be benefit and costs. In the key parts of what betsy said there, don't forget, it's all the benefits, not just the financial ones. And is there anything we can stop practising? Over the next few days, as you find yourself making decisions, pause for a moment and ask yourself why you're making the choice you're making. i bet you'll discover that it's really about costs and benefits.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app