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June 2, 2021

31) Sunk Costs, Opportunity Costs, and What Economics Can Teach About Life

31) Sunk Costs, Opportunity Costs, and What Economics Can Teach About Life

I am not economist, not a statistician, and I suck at math in general. In business school, the only class I ever failed was Statistics 1.

In life however, we often come to learn things later, that we wish we understood earlier.

I wish I understood costs, beyond the economic value and how to use them to make better decisions in life.

My loss however, is your gain, and in this episode I explain how to make better decisions, and how to understand two topics that can't be overlooked if you want to be health, happy, and successful: sunk costs, and opportunity costs

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