EWOT for week 1

The world is run by incentives ,and trade-offs are rampant whether they are visible or not. In almost every aspect of a person's life, economic thinking is evident. Everyone ,regardless of being aware of this or not, makes cost effective decisions based on benefits vs costs. Even in mundane decisions, this line of thought is prevalent. Today, efficiency has never been higher ,yet at times, people disregard or forget important concepts such as every decision has repercussions and good intentions do not equate nor do they justify bad results. Mankind acts purposefully. In every era, especially this one, no one has ever greatly committed himself/herself to a cause or process that he/she does not understand or support.