Planet Money Summer School

Intro Econ 1: Choices & Dating

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Jul 8, 2020
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INSIGHT

Economics: A Lens, Not Money

  • Economics is not about money, but a lens to understand decision-making.
  • It helps allocate resources for happiness and guides individuals toward a fulfilling life.
ANECDOTE

Data-Driven Dating

  • Lisa Chow used data and statistics to make online dating more efficient.
  • She went on 50 first dates in 18 months, leading her to her husband.
ADVICE

The Opportunity Cost

  • Consider opportunity cost: the value of the next best alternative you forgo.
  • Recognize every choice has a trade-off.
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