What Makes a ‘Good’ Deal in Economics?

Examples

1. You trade your favorite chocolate bar for three candy bars, you feel like you won!
2. Your friend gives you a used bike in exchange for helping them move, it’s a fair deal!
3. You buy a ticket to the movies with money you saved from eating snacks all week, that's a smart choice!

More examples

See also

• How Do Credit Cards Influence Consumer Behavior?
• Why is Taiwan crucial for global semiconductor supply?
• Why Do Inflation and Interest Rates Have Such a Weird Dance?
• What are information costs?
• What are context-dependent information costs?

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