3 thoughts on “Episode 1: What is microeconomics?”

  1. Question about the sunk cost fallacy.

    You claim that after paying a non-refundable $500 fee for a gym membership, it does not matter how often we end up using it. But what happens to the utility we could gain from using the gym more often? I do not see how this is irrelevant.

    I think this is simply a bad example. Fortunately, the dessert example, where finishing the dessert clearly results in unnecessary harm, explains the fallacy rather neatly.

  2. Hi, I do believe this is a great blog. I stumbledupon it 😉 I’m going to revisit yet again since i have
    book marked it. Money and freedom is the greatest way
    to change, may you be rich and continue to help
    others.

Leave a Reply