ECONOMIC PRINCIPLES THAT MAKE YOU MORE SUCCESSFUL [EPISODE 117]

In this episode, I discuss a number of valuable concepts that help you make sound decisions. These are economic principles I discussed in my textbook. I cover the Pareto principle (80/20 rule), Metcalfe’s law, Parkinson’s law (e.g., the First Law of Bureaucracy), rational ignorance, bounded rationality, satisficing, and the law of unintended consequences.If you enjoyed this episode, please consider subscribing and tell others who might benefit from this podcast. I would like to hear from you. You can leave a comment below or send me a Tweet or Parley: @daringerdes or leave a video message: https://flipgrid.com/leadersmith Join our FACEBOOK COMMUNITY and continue the discussion there: https://www.facebook.com/groups/learnleadership/ It is free. I want to help you become the kind of leader that you would want to follow.