editorial partner Liberte! Friedrich Naumann Foundation

decision making

To Choose, or Not To Choose, That Is The Question
Society
To Choose, or Not To Choose, That Is The Question
According to Yalom, the experience of loss is present in almost every decision we make, as saying yes to one thing simultaneously means saying no to another. This tension manifests in everyday situations, such as when choosing one scoop of ice cream from a vast selection. Many rely on familiar routines, others seek the healthiest or newest flavors, and some conform to the preferences of their social group or family.
Opportunity Cost of Learning: Is There Optimal Age to Graduate?
Economy
Opportunity Cost of Learning: Is There Optimal Age to Graduate?
The wonderful thing about economics is that it recognizes truths about the world that laypeople cannot intuitively grasp, based on simple statements about human action. Consider two concepts: opportunity costs and marginal decision-making based on marginal benefits and costs. If you really understand these two concepts, then it must seem normal to you that there is such a thing as optimal environmental pollution.