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The Marginal Revolution (Encore)

Everything Everywhere Daily

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Exploring the Power of Marginal Thinking in Decision-Making

This chapter explores the concept of marginal thinking within economics, highlighting its significance in decision-making processes and its impact on reshaping economic thought. Through a personal anecdote on photography contests, the importance of considering marginal benefits and costs is illustrated, emphasizing the role of marginal thinking in enhancing decision-making outcomes.

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