Posts Tagged ‘cost benefit analysis’

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    Sunk Costs: When to Cut Your Losses?

    Jan 17, 13 • 302 Views • No Comments

    Several days ago, during a phone call, I was asked to “hold” for a moment. 5 minutes passed. No one returned. I considered hanging up but thought, I’ve already waited 5 minutes. They will have been wasted if I leave. 10 minutes passed. Still...  [read more]

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    Disaster Economics: Neighbors and Utility Companies

    Jan 3, 13 • 267 Views • No Comments

    Still dealing with the impact of Hurricane Sandy, I keep pondering the cost of preparing for the next storm. Personally, it has been worth purchasing a generator. But, what to do about my neighbor? Located a half mile from my home, he has many beautiful old...  [read more]

  • Cost benefit analysis for hand washing and drying involves minimizing bacteria

    Cost Benefit Analysis: Hand Drying

    Dec 19, 12 • 731 Views • No Comments

    How about thinking economically when you dry your hands? Pulling together 12 studies on hand-drying, Mayo Clinic researchers did a cost benefit analysis of paper towels v. hot air. Because they were most concerned with hospitals and other health care...  [read more]

  • Marijuana legalization is about demand, supply, market structure and cost benefit analysis.

    An Economic High?

    Nov 25, 12 • 518 Views • No Comments

    On November 6, Colorado voters resoundingly agreed that recreational use of marijuana would become legal. However, as Colorado Governor John Hickenlooper said, “…federal law still says marijuana is an illegal drug so don’t break out the Cheetos or...  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Behavioral Economics: The Best Gifts

    Nov 19, 12 • 331 Views • No Comments

    A gift can be worth much more or less than its price tag. It just depends on whether you are the giver or the receiver. One of the best gifts I have ever gotten was a book of car wash coupons. Happily, I used every one, each time feeling that I had gotten...  [read more]