Scarcity, Trade-offs, and Cost/Benefit Analysis

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  • čas přidán 29. 08. 2024

Komentáře • 127

  • @hmmhmm6802
    @hmmhmm6802 Před 3 lety +155

    posted : 2 minutes ago
    video length : 6+ minutes
    and you already have 1 dislike... those flat earthers are really mad at you

    • @CBJay-hw3jk
      @CBJay-hw3jk Před 3 lety +1

      maybe somebody wached the video on 3 times speed?

    • @tagtag123
      @tagtag123 Před 3 lety

      @@CBJay-hw3jk HOW

    • @gluonic
      @gluonic Před 3 lety +1

      @@tagtag123 downloading the video and making it 3x faster in a video editor then watching it instead of the 2x speed option in the youtube video settings

    • @RobertoLion
      @RobertoLion Před 3 lety

      @@gluonic Also there's an extension for browsers called: "Video Speed Controller" that makes the keyboard key "d" make the video faster and "s" (for Slower) makes it slower...

    • @gluonic
      @gluonic Před 3 lety

      @@RobertoLion download the video, put it in the editor, edit it, upload it on youtube, and then the extension, press D to make the video fast, and then 2x speed.

  • @asylumskp4391
    @asylumskp4391 Před 3 lety +110

    I am legitimately pissed I cannot give this man any money for the amount of knowledge he has provided to me

    • @Vicariun
      @Vicariun Před 3 lety +16

      you can subscribe to his patreon, which helps him get a steady income for producing this content
      not sure if you can thank him any other way

    • @asylumskp4391
      @asylumskp4391 Před 3 lety +8

      @@Vicariun I subscribed to him but I can't pay him anything. I'm only a teen.

    • @Vicariun
      @Vicariun Před 3 lety +9

      @@asylumskp4391 ahh figures, I thought that may be the case after I sent the response
      good learning then! he's great

    • @deathnote4171
      @deathnote4171 Před 3 lety +4

      @@asylumskp4391 tell your father or mother to pay or You can pay him in the future

    • @asylumskp4391
      @asylumskp4391 Před 3 lety +7

      @@deathnote4171 I doubt my parents will agree to pay someone on the Internet. I plan on doing it in the future, hopefully.

  • @giulianozanellato8247
    @giulianozanellato8247 Před 3 lety +9

    I am currently a couple of semesters away from getting a degree in economics, and I highly enjoyed listening to you explaining these concepts. Your clarity when teaching is amazing. Im glad I found your channel. Cheers!

  • @slurky3992
    @slurky3992 Před 3 lety +15

    Damn professor Dave just threw hella shade at the U.S. govt. for high military spending. So poggers!

  • @glaciatedluxray2849
    @glaciatedluxray2849 Před 3 lety +98

    Thank you Chemistry Jesus

  • @theunheardprophet4315
    @theunheardprophet4315 Před 3 lety +6

    I was unsure if I should go shower or go to bed and shower tomorrow morning because I'm tired but I know that I'm going to sleep too long and be late for work if I shower tomorrow morning. Now I'm procrastinating by watching this.

  • @Ishtarocha
    @Ishtarocha Před 3 lety +3

    Most of it can be seen as intuitive rational thinking applied to resources management. Very helpful see it all gathered like that... looks like a puzzle.

  • @daddyattitude
    @daddyattitude Před 3 lety +2

    🎶Round, Round, Round, 🎶 the Earth is Round.......🎶 Thanks Dan

  • @justarandomperson9374
    @justarandomperson9374 Před 3 lety +16

    You perfectly know the moment when you’re about to make a birdhouse, but then Dave's video comes out, so you’re like «Ahhh, not today my dear birds, not today(((«

  • @LucasPereiradaSilva
    @LucasPereiradaSilva Před 3 lety +4

    Very valuable content, not just the physics stuff that I already love too!

  • @SpiritRed
    @SpiritRed Před měsícem

    Thank you, David.

  • @spiderworld384
    @spiderworld384 Před 3 lety +1

    This guy knows things

  • @birthsonbluebell3654
    @birthsonbluebell3654 Před 3 lety +1

    Another example would be in the endgame of a game of Chess, where you could either sacrifice your queen to get rid of their last non-king piece (maybe a rook).
    The opportunity cost for sacrificing that queen for their rook is the 4 points you lost in doing so.
    The opportunity cost for not doing that is your opponent still being able to win the game, given you play bad enough.

  • @hunter_69_69
    @hunter_69_69 Před 3 lety +2

    Philosophical question: If not for the 2nd law of thermodynamics, would everything then be re-usable? I would think yes. I don't think economics would be a field of study if the 2nd law of thermodynamics didn't exist.

  • @db3536
    @db3536 Před 3 lety +3

    Good video thanks prof dave

  • @glennpearson9348
    @glennpearson9348 Před 3 lety +5

    Nice ECON 101, Professor Dave. Love the placement of the quadratic equation. Now that you've covered CBA and Opportunity Cost in the context of individual decision-making, do you plan to cover BATNA for collective or multi-party decision-making? This is a fun series!

  • @humanbeing1429
    @humanbeing1429 Před 3 lety +2

    Wow now I know why I stay up late on CZcams because I value ideas and new knowledge more than sleep. I swear I skip sleep twice a week. Sometimes even 3 nights alternatively.

    • @AA-gl1dr
      @AA-gl1dr Před 3 lety +1

      That catches up to you eventually.

    • @Arcana_XVIII
      @Arcana_XVIII Před 3 lety +2

      That's a really bad idea.

  • @kevinmoore2501
    @kevinmoore2501 Před 3 lety +1

    Thank you for this vid, Dave. Liked.

  • @saivionshaver5043
    @saivionshaver5043 Před 3 lety +4

    Thank u scarcity Jesus

  • @PrasathMGM
    @PrasathMGM Před měsícem

    This is awesome

  • @alexalbuquerquerodriguesal108

    2:09 I see what you did there Dave and I liked

  • @AG-lm5uf
    @AG-lm5uf Před 3 lety +1

    Can you do a video debunking the qanon conspiracy?

  • @scohspot
    @scohspot Před 3 lety +2

    Good video professor Dave. I’m looking forward to more when/if they come out.

  • @thisisisabella3634
    @thisisisabella3634 Před 3 lety +2

    Conservative rebuttal:
    Greed good, Poor people bad.

    • @RamAurelius
      @RamAurelius Před 3 lety

      I'm guessing you've never actually spoken to an actual "conservative" in your life before lol. And your comment seems to insinuate that the majority of wealthy people are conservative or vice versa, which is demonstrably untrue. But what good is life if you can't spend it with vitriolic hatred towards invisible strawmen you've created in your own mind, right?

    • @thisisisabella3634
      @thisisisabella3634 Před 3 lety

      @@RamAurelius I've been a conservative so you can't bullshit me.

  • @ayos836
    @ayos836 Před 11 měsíci

    Thank you

  • @lorddonk9806
    @lorddonk9806 Před 3 lety +3

    Professor Dave, have you ever considered doing the political compass test and putting it on YT?

  • @prabut.a5141
    @prabut.a5141 Před 2 lety

    Thanks a lot...

  • @JohnGisMe
    @JohnGisMe Před 3 lety

    What about free things, like the gift of living forever?

  • @YsoCereal
    @YsoCereal Před 3 lety +1

    is it possible for you to create a playlist of all ur flat earth debunking videos so i can binge them?

  • @lynguy439
    @lynguy439 Před 3 lety +12

    Looking at this tutorial has no opportunity cost. All your videos are necessities.

  • @prammar1951
    @prammar1951 Před 3 lety

    Thanks 😊.

  • @elizdonovan5650
    @elizdonovan5650 Před 3 lety +1

    Hi Professor Dave. Did you mean to have 2 of these videos on a private setting?
    Thank you.
    🌲🌝☘️

  • @AFIDD21
    @AFIDD21 Před 3 lety

    What is the trade off with regards to the sleep to 2 million subscriber work effort ? Keep up the great work !

  • @Anuj-2
    @Anuj-2 Před 3 lety +2

    Not last

  • @heh3135
    @heh3135 Před 3 lety

    Well, I could study for tomorrow's Electronics final or watch this video. Easy choice

  • @whatsgoingondude1673
    @whatsgoingondude1673 Před 3 lety +1

    Hello, sir! I'm new to the channel, and I have one question: are you really a professor, or this is just your CZcams nickname?

    • @chaseeyy
      @chaseeyy Před 3 lety +1

      He has a series of him answering FAQs of his audience. To answer your question, he is not a professor but he graduated with a degree in organic chemistry (I am not sure with this one tho).

  • @user-bs4nd1eb6d
    @user-bs4nd1eb6d Před rokem

    Very Good Video

  • @sujanpuri4465
    @sujanpuri4465 Před 3 lety

    How to find in which playlist this video is?

  • @archivist17
    @archivist17 Před 3 lety +1

    When do we get on to Surplus Value of Labour? It's pretty fundamental, too.

  • @TheFacial83
    @TheFacial83 Před 3 lety +1

    Good 😊🤠

  • @aryanbhosale9254
    @aryanbhosale9254 Před 3 lety +1

    Prof Dave has a new hair cut

  • @subhashreepanda3076
    @subhashreepanda3076 Před 11 měsíci

    What are the trade offs for call centre optimization???
    We group of 4 ppl need to do a project in spreadsheet modelling, in that we need to do tradeoff analysis….
    Any kind of help much appreciated.
    Thanks

  • @kash6584
    @kash6584 Před 3 lety +7

    thank you youtube jesus

  • @chetannanaware1665
    @chetannanaware1665 Před 2 lety

    Hi,
    Do you have any PowerPoint Presentation Tutorial? I liked your PowerPoint- please share the Tips and tricks
    Thanks

  • @oleggeraschenko4932
    @oleggeraschenko4932 Před rokem

    if you choose to study for 3 hours and sleep 5 hours before the test, the opportunity cost is clarity of mind. Sleep deprivation brings you to a drunk-like state, you can do something really stupid and potentially life-threatening because of it. That extra hour of not sleeping WON'T be productive learning. DO NOT deprive yourself of sleep - it's dangerous for your LIFE

  • @ryanzeng890
    @ryanzeng890 Před 3 lety

    "We make 35,000 choices per day". That's striking :). Wondering are there principles to decide which those should apply "Cost/Benefit Analysis"? Thanks for the great tutorial!

  • @qwerteria7366
    @qwerteria7366 Před 3 lety +2

    sleep doesnt work the way you described sadly. sleep is chaos being awake is a drag

  • @luizfeliperodriguessantana5842

    This is gold! Thanks

  • @gianlucarocca1511
    @gianlucarocca1511 Před 3 lety +1

    Daveee

  • @harrybaker9044
    @harrybaker9044 Před 3 lety +1

    Hi Dave

  • @rufusapplebee1428
    @rufusapplebee1428 Před 3 lety

    If the reward is below the sustainance no one is going to do anything.

  • @Robert-dt4is
    @Robert-dt4is Před 5 měsíci

    35 thousand choices? Wow.

  • @patricksarama4963
    @patricksarama4963 Před 3 lety +1

    I’m not even interested in economics but I’m watching this anyway because I love economy Jesus 💕

  • @gurditrehal3348
    @gurditrehal3348 Před rokem

    1:36
    "... or sleeping"

  • @3bdalra7man_32
    @3bdalra7man_32 Před 3 lety +1

    why did he stop showing his face ?

  • @Jopie65
    @Jopie65 Před 2 lety

    Hmmm.. Although this is a good video, I could probably have done much better things with the time I watched it. But considering what is best to do next also has a cost. 🤔

  • @SigmaElement
    @SigmaElement Před 3 lety

    So.. whats the beneficial cost of rounding the flat earth?

  • @trickyepithet9122
    @trickyepithet9122 Před 3 lety +2

    first!

  • @marcdevries4470
    @marcdevries4470 Před 2 lety +1

    are you sponsored by netflix?:P

  • @hrabia
    @hrabia Před 2 lety

    "You know what men need? Food, sex, silence! Feed me, fuck me, shut the fuck up!"

  • @chaossspy6723
    @chaossspy6723 Před 3 lety +3

    :D

  • @deadchannel5933
    @deadchannel5933 Před 3 lety +1

    Plss I want the older intro music

  • @enescevik1137
    @enescevik1137 Před rokem

    saclari kesince adama benzemisin dayi

  • @jakenelson568
    @jakenelson568 Před 3 lety +1

    2:00 America in a nutshell

  • @khashayarbiglari2208
    @khashayarbiglari2208 Před 2 lety

    i dont fe

  • @jogimarbun5924
    @jogimarbun5924 Před 3 lety

    I think he is tired hahhaha, getting make more contents but not the happiness, this is the trade-off

  • @viperplays4744
    @viperplays4744 Před 2 lety

    ah yes, IS.

  • @justanotherdayinthelife9841

    Tragedy of the Commons

  • @tln_greks2896
    @tln_greks2896 Před 3 lety +5

    The earth is flat

  • @clover4958
    @clover4958 Před 2 lety

    is dave sponsored by netflix???

  • @MsBukke
    @MsBukke Před 3 lety +1

    1:30 jokes on you I'm doing both at the same time

  • @Sscstudy649
    @Sscstudy649 Před 3 lety +2

    Came here with the speed of light(c)

  • @YellowFireIpad
    @YellowFireIpad Před 3 lety

    me watching this video over netflix planning to build birdhouses, rollerskate, play games, and go fishing: excuse me what the *f*ck*

  • @infinitemonkey917
    @infinitemonkey917 Před 3 lety +1

    Making a bird house is a close second imo.

  • @silver_tongue9644
    @silver_tongue9644 Před 3 lety +1

    U made that racist black guy look so stupid
    It would be so cool if u debated Ben shepearo or other transphobs and give them a good dose of science bc atm they think science is on their side haha
    And u the entire trans community would love u forever 😂

    • @chrstfer2452
      @chrstfer2452 Před 3 lety +1

      Lol that'd be awesome, and it'd be nice to give shapiro an example of what actually owning someone with facts and logic is like, rather than bullying with a quick tongue and then calling it facts and logic. I'd say drink a shot every time Ben makes an appeal to authority emotion or named fallacy, but that'd kill people.

  • @lynguy439
    @lynguy439 Před 3 lety

    Nothing. My world does not revolve around economics. The question is what did I loose or how much damage did I do to my body because I did not sleep.

    • @chrstfer2452
      @chrstfer2452 Před 3 lety +1

      Pretty sure the "what did i lose" bit is half the question of opportunity cost.. to say you dont think in economics is funny though, because even if you dont the concepts still apply and you're just losing out by not integrating the useful ones like this into your general decision making process. I'm not saying go around estimating utility functions and spreadsheeting out your trips to the toilet, but don't ignore the concepts with disdain like you seem to be doin

    • @lynguy439
      @lynguy439 Před 3 lety

      @@chrstfer2452 pretty sure that you are correct. I did econ a long time ago. My point is sleep is sweet there's nothing I would trade sleep for😃