If you’re teaching the sunk cost fallacy, this clip from Better Call Saul can be used to define the term. Kim tries to convince Jimmy to keep being a lawyer because of how much time and effort he put into the bar exam. Jimmy cuts her off to teach her about the sunk cost fallacy and how it’s a waste of time.
Here’s a clip from Catch Me If You Can illustrating a few great supply curve principles, including reservation wage. This is the full scene, but you can clip it at 1:19 to show just the relevant parts.
In October 1991, a dying tropical hurricane from Bermuda collided with a cold front from the Great Lakes, resulting in a “perfect storm” of previously unknown destructive impact that resulted in 100-foot waves; tragically, the crew of a fishing boat was lost in the midst of the fearsome storm.
I use this as the introduction to my Compensating Differentials chapter. How much would you need to get on this boat?