A note from Daniel

A trade-off is any situation where making a choice means we must forgo something else, usually some kind of benefit or possible opportunity. Investors trade off risk and reward. Doctors balance a drug's potential to help with the possible harm of its side effects. Parents choose between their kids' momentary happiness and their long-term well-being.

Daniel The Great Mental Models, Volume 4, page 61 · December 15, 2024 Save to shelf
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