Listen "Season 2, Episode 2 - The Invisible Price of FOMO: The Trade-offs You Never See"
Episode Synopsis
Every decision comes with a price—but what if you don’t even see it?In this episode of Ekonified: Enriching Economics in Every Experience, Event, and Existence, we uncover the hidden economic forces behind FOMO (Fear of Missing Out) and why it distorts how we make choices. When you say “yes” to one thing, you’re saying “no” to something else—but most of us never stop to calculate what we’re truly giving up.We break down key economic principles from Chapter 2 of Principles of Economics, 13th Edition by Case, Fair, and Oster, including:✅ Scarcity – Why limited time, money, and attention force trade-offs.✅ Opportunity Cost – The unseen value of what you forgo with every decision.✅ The Production Possibilities Frontier (PPF) – Why you can’t maximize everything at once.✅ Specialization – How saying “no” strategically creates more value.From social media-driven FOMO to hidden trade-offs in daily life, this episode will change how you think about choices. Are you making decisions that align with what you truly value—or just reacting to what feels urgent?🎙 Tune in now and start seeing the invisible price of every choice.
More episodes of the podcast Ekonified: Enriching Economics in Every Experience, Event, and Existence
Season 2, Episode 8 - Economics of the Inevitable: How Costs Collapse Markets and Build the Future
09/03/2025
Season 2, Episode 7 - Growth, Greed, and the Breaking Point: The Economics of Knowing When to Stop
28/02/2025
Season 2, Episode 5 - Elasticity Hacks: The Economic Superpower That Decides If Prices Rise or Fall
11/02/2025
Season 2, Episode 4 - Rationed, Rigged or Right: Who Sets Prices, Who Benefits, and Who Loses
09/02/2025
Season 2, Episode 3 - The Scarcity Trap: Why Prices Shift, Products Disappear, and Markets React
07/02/2025