Posts Tagged ‘Vanity Fair’

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Presidential “Choice Fatigue”

    Sep 16, 12 • 302 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Households, Regulation, Thinking Economically, UncategorizedNo Comments

    President Obama says he wears only gray or blue suits. As for meals, he prefers having others decide what he will eat. The reason? “Choice fatigue.” Knowing that decision-making requires energy, the President told writer Michael Lewis that he