Posts Tagged ‘opportunity cost’

  • How much should cities plan for the storm of the century?

    A Weather Dilemma for NYC

    Sep 12, 12 • 418 Views • No Comments

    In NYC, the last time that the East River touched the Hudson River (see below) was on September 3, 1821 when a hurricane struck directly and the tide rose 13 feet in one hour. Should the city plan for it to happen again? Along its 520 mile long coastline, New......  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Guns or Yogurt?

    Aug 26, 12 • 510 Views • No Comments

    It appears that the New York State legislature will soon experience a clash between gun producers and gun control advocates. These quotes sum it all up: A Remington employee: “In my eyes, Remington goes away, Ilion goes away.” A gun control......  [read more]

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    How Much Is An Olympic Gold Medal Worth?

    Aug 4, 12 • 920 Views • No Comments

    In addition to the gold, silver or bronze, Olympic athletes get money for winning. The amount, though, depends on their National Olympic Committee. The Singapore Olympic Committee gives its gold medal winners $800,000, a UK gold medal winner gets his or her......  [read more]

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    Lessons For London

    Jul 28, 12 • 507 Views • No Comments

    Competing against Paris, Madrid, Moscow and London for the 2012 Summer Olympic Games, NYC made it to the second round and then joined Moscow when it was cut. Next, Madrid was eliminated, then Paris, and London remained. Was winning worth it? It depends.......  [read more]

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    A Blurry Customer Focus

    Jul 27, 12 • 437 Views • No Comments

    Several years ago, I walked into my local bank branch at 5:55. Knowing that they closed at 6:00, I thought I had some time but they said I was too late. I said I had 5 minutes, they said no and by the time we had concluded our exchange, it was 6:00. They said......  [read more]