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Marginal Thinking and the Sunk Cost Fallacy

Principles of Microeconomics (Video) by Roman Hardgrave

Education

Thinking on the margin is one of the most fundamental concepts in economics–and a valuable everyday tool for making optimal decisions. For such an important idea, the meaning of marginal thinking is surprisingly simple:...

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Marginal Thinking and the Sunk Cost Fallacy is an episode from Principles of Microeconomics (Video) by Roman Hardgrave. Thinking on the margin is one of the most fundamental concepts in economics–and a valuable everyday tool for making opti...

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Thinking on the margin is one of the most fundamental concepts in economics–and a valuable everyday tool for making optimal decisions. For such an important idea, the meaning of marginal thinking is surprisingly simple: when faced with a decision, you...

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Marginal Thinking and the Sunk Cost Fallacy is an episode from Principles of Microeconomics (Video) by Roman Hardgrave.

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