Think Like An Economist

S E1: Why Should You Think Like an Economist?

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Aug 4, 2020
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ADVICE

No Regrets Decisions

  • Learn to think like an economist to make the best decisions.
  • This leads to fewer regrets, as you've used available information optimally.
INSIGHT

Economics: A Powerful Lens

  • Economics provides tools and perspectives to understand the world better.
  • It helps make informed choices by considering costs and benefits, leading to less regret.
ANECDOTE

Balancing Career and Kids

  • Justin and Betsey debated the optimal age for parenthood, weighing career advancement against time for raising kids.
  • They chose to have children later, prioritizing career establishment and financial security.
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