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by ohashi 3152 days ago
I feel like we took different values from an economics degree. I also have one, but it wasn't really the details about Macro or Micro at an intro level (which is where you get told all these laws, before more advanced stuff just tells you how they aren't quite right). It's more about a way to think about a problem or set of problems. The only hard skill that I'd say I got out of it was being able to do regression analysis (which has proved useful many times). But the more valuable skill was opening my mind to another way to look at and approach problems. Certainly the vocabulary and basic understanding of the area also helps when dealing with business. It's not the only lense to look at a problem, but as an entrepreneur, I think it's one I have to look through a lot and quite regularly. Something as simple as opportunity cost, that's a daily trade off at a startup. Knowing some behavioral economics might help you make better and more informed decisions rather than simply going with your gut in situations where you gut might be misleading you. That's maybe harder to quantify, but I think it helps more than you give credit.