Inside the Mind of the T-Bones

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Archive for the ‘Cost-Benefit Analysis’ Category

An Economist’s Approach to Cheating

Posted by thetbones on July 22, 2008

When in doubt, do a simple cost-benefit analysis!

 

The (Simplified) Cost-Benefit Analysis of Cheating

 

Assumptions:

1) Each benefit has a value of 1, each cost has a value of 1

Benefits:  

1) One-time sexual gratification

Costs:  

1) Loss of a lifetime of companionship

2) Loss of a lifetime of sexual gratification

3) Betrayal of trust

4) Loss of self-esteem

Conclusion:

Total benefits (1) < Total costs (4)

The total costs of cheating are greater than the total benefits of cheating, and as a result, a rational person should not cheat.  And, being the rational consumer/economist that I am, it would be illogical/irrational for me to cheat; therefore, I will NOT cheat.

It really IS that simple!

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