ECONOMIC PRINCIPLES THAT MAKE YOU MORE SUCCESSFUL [EPISODE 117]

In this episode, I discuss a number of valuable concepts that help you make sound decisions. These are economic principles I discussed in my textbook. I cover the Pareto principle (80/20 rule), Metcalfe’s law, Parkinson’s law (e.g., the First Law of Bureaucracy), rational ignorance, bounded rationality, satisficing, and the law of unintended consequences.

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