Better Call Saul — Sunk Cost Fallacy

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.

Catch Me If You Can: Supply Curve

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.

The Perfect Storm: The Giant Wave

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?

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