Meditations and Learnings

Meditations and Learnings

Thinking on the Margin

To think on the margin is to evaluate the marginal cost and benefits of choices. Basically: what are the trade-offs of a bit more or a bit less. I might do a lot for the first litre of water when dehydrated. But another litre after that would be less valuable, and after that, I might find that the cost of simply walking to a tap wouldn’t even be worth it.