This week’s podcast is a rebroadcast of our episode called “The Upside of Quitting.” (You can subscribe at iTunes, get the RSS feed, or listen via the media player above. You can also read the transcript.)
You know the saying “a winner never quits, and a quitter never wins.” To which Freakonomics Radio says … Are you sure? Sometimes quitting is strategic, and sometimes it can be your best possible plan. To help us understand quitting, we look at a couple of key economic concepts in this episode: sunk costs and opportunity costs.
There’s also a large cast of characters in this episode, ranging from prostitutes and baseball players to former government officials and a couple of Amish women who left the fold. You’ll hear Steve Levitt talk about his quitting strategies, and Stephen Dubner describe his life as a serial quitter, having abandoned, in order, the rock band to which he devoted his youth, Catholicism, and The New York Times.
We hope you enjoy listening to this episode as much as we enjoyed making it. You might, of course, quit listening right in the middle.