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Should I Stay Or Should I Go? - The Clash
Should i stay or should i go now?
The Clash sings about the angst of decision making in their song “Shall I Stay or Should I Go?” Economic theory states that rational decision makers weigh the marginal benefit one receives from an option with its marginal cost, including the opportunity cost. The lyrics give us a rough assessment of the costs (“If I go there will be trouble, and if I stay it will be double”). However, little is mentioned regarding the marginal benefit. In fact, the singer tells us that he needs additional information (“Darling you gotta let me know”) and fears that he must make a decision under conditions of imperfect information.
Speculate on what the marginal benefits and the marginal costs might be for staying and going.
[Provided by Jim Davis, Santa Rosa Junior College]