Thinking Is Expensive. Who’s Supposed to Pay for It? (Ep. 307)

3/31/2018

In this podcast episode, the hosts explore the concept of expensive decision-making and who ultimately pays the price. They discuss various scenarios where individuals or organizations make decisions without fully considering the financial consequences or externalities. The episode delves into topics such as healthcare costs, environmental impacts, and the role of incentives in decision-making. It argues that understanding the true costs of our choices is essential for making informed decisions and avoiding unintended consequences. Overall, the podcast sheds light on the often-hidden aspects of expensive decision-making and explores ways to better evaluate the true costs of our actions.

economics ꞏ behavioral economics ꞏ decision making ꞏ cost analysis ꞏ pricing strategies ꞏ consumer behavior ꞏ finance ꞏ psychology ꞏ incentives ꞏ money ꞏ wealth ꞏ income inequality ꞏ market dynamics ꞏ opportunity cost ꞏ supply and demand ꞏ pricing models ꞏ pricing psychology ꞏ budgeting ꞏ financial planning ꞏ value perception ꞏ purchasing decisions ꞏ price sensitivity ꞏ price discrimination ꞏ pricing tactics ꞏ market research ꞏ price optimization ꞏ economic analysis ꞏ price elasticity ꞏ pricing transparency ꞏ pricing power ꞏ market competition ꞏ economic theory ꞏ pricing structures ꞏ price wars ꞏ price signaling ꞏ price anchoring ꞏ price gouging ꞏ economic value ꞏ price negotiation ꞏ price perception ꞏ market efficiency ꞏ price-fixing ꞏ price controls ꞏ market equilibrium ꞏ pricing trends ꞏ price volatility ꞏ consumer surplus ꞏ price analysis