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.

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