Article2016

Opportunity cost: A reexamination

32 citations0/0 files storedThe Journal of Economic Education

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Decision-Making and Behavioral Economics Financial Literacy, Pension, Retirement Analysis Economic Theory and Institutions

Abstract

That something is amiss with the profession's grasp of opportunity cost was signaled when Ferraro and Taylor (2005) confronted 199 economists and PhD students with the following multiple choice que...

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References

1997Economic Theory in Retrospect 1988The New Palgrave: A Dictionary of Economics 1965An Introduction to Positive Economics.2019Foundations of Economics 2005Do Economists Recognize an Opportunity Cost When They See One? A Dismal Performance from the Dismal Science

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