Quotes About Costs

On the other hand, the more we think about opportunity costs, the less satisfaction we'll derive from whatever we choose. So we should make an effort to limit how much we think about the attractive features of options we reject.

When Nobel Prize–winning economist and psychologist Herbert Simon initially introduced the idea of "satisficing" in the 1950s, he suggested that when all the costs (in time, money, and anguish) involved in getting information about all the options are factored in, satisficing is, in fact, the maximizing strategy.

information costs," is not the way to maximize one's investment. The true maximizer would determine just how much information seeking was the amount needed to lead to a very good decision.

According to standard economic assumptions, the only opportunity costs that should figure into a decision are the ones associated with the next-best alternative.

So on the third day, we decided to focus on the proactive question, "What is our response? What are we going to do? How can we exercise initiative in this situation?" In the morning we talked about managing and reducing costs. In the afternoon we discussed increasing market share. We brainstormed both areas, then concentrated on several very practical, very doable things. A new spirit of excitement, hope, and proactive awareness concluded the meetings.

When trust goes down, speed goes down and costs go up. Distrust slows everything. Sales decelerate, customers grow cold, and team members get discouraged or drop out entirely. Distrust has hard costs. If you're distrusted, people will actively refuse to do business with you, your pipeline of revenue freezes, and in extreme cases you shut down.

It said that the mission's copying costs were too high, so would she please type two hundred fifty copies of the attached letter in addition to her other duties.

The problem is, the rewards and the costs of adding more things to the Home page aren't shared equally. The section that's being promoted gets a huge gain in traffic, while the overall loss in effectiveness of the Home page as it gets more cluttered is shared by all sections.

Cuando a la gente no se la obliga a pagar todos los costes de sus acciones, tiene pocos incentivos para cambiar de conducta.

Terrorism is effective because it imposes costs on everyone, not just its direct victims. The most substantial of these indirect costs is fear of a future attack, even though such fear is grossly misplaced. The probability that an average American will die in a given year from a terrorist attack is roughly 1 in 5 million; he is 575 times more likely to commit suicide.

The same thing happens if health care is distributed in a similar fashion: people consume more of it than if they were charged the sticker price. This means the "worried well" crowd out the truly sick, wait times increase for everyone, and a massive share of the costs go to the final months of elderly patients' lives, often without much real advantage.

technology expert Kevin Kelly has proposed that "over time, if a technology persists long enough, its costs begin to approach (but never reach) zero.

Organisms are selected to deploy violence only in circumstances where the expected benefits outweigh the expected costs.

Given the costs of information, the perfect can be the enemy of the good.

In real estate, many investors love triple net leases. With NNN's investors receive income without the expenses of taxes, repairs and insurance. The tenant covers these costs.

Love costs all we are and will ever be. Yet it is only love which sets us free. A Brave and Startling Truth.

Of all the costs imposed on our society by the top 1 percent, perhaps the greatest is this: the erosion of our sense of identity in which fair play, equality of opportunity, and a sense of community are so important.

marginally, if at all, by allowing exclusionary rule claims to be raised on habeas corpus.44 Moreover, the Court stressed the costs of the exclusionary rule in permitting guilty defendants to go free and in undermining respect for the criminal justice system.45

When all is said and done, cheap gas is an illusion, because our reliance on gas creates a whole series of costs that aren't factored in to the pump price - among them congestion, pollution, and increased risk of accidents.

While Congress did not, to my knowledge, calculate aggregate dollar values for the nationwide effects of racial discrimination in 1964, in 1994 it did rely on evidence of the harms caused by domestic violence and sexual assault, citing annual costs of $3 billion in 1990 and $5 to $10 billion in 1993.

To ensure that America remains the leader in medical innovation, we must reduce the costs of developing life-saving drugs and ensure that there are appropriate economic incentives in place to produce them.

Congress has a legitimate interest in making sure that a practice that appears to reduce disease and healthcare costs remains available to parents. And, nothing in my bill prohibits statewide law ensuring that male circumcision occurs in a hygienic manner.

The basic premise of insurance is the pooling of funds from many to cover the costs of some. There are complicated methods for how to do this, but one fact remains consistent: For insurance to work well, people need to be in and stay in the insurance pool.

What we've been finding is that when you remove the barriers to innovation, you can actually hold costs down while lifting entrepreneurs up and getting better health results.