Bumps Quote by Robert H. Frank
“When people bump up against one another in the course of pursuing their goals, it is in everyone's interest to resolve any resulting problems in the least costly ways possible.”
About This Quote
Source Book: The Economic Naturalist by Robert H. Frank, 2007
When competing goals clash, resolving conflicts cheaply benefits all parties involved.
In simple terms: Solve disputes cheaply for mutual benefit.
Key Takeaway
Seek low‑cost solutions.
Themes
conflict
cooperation
efficiency
mutual benefit
Mood
pragmatic
analytical
Type
ethical
strategic
When to use this quote
- business negotiations
- family disputes
- community projects
- policy making
Key Concepts
game theory
social dilemma
Questions to Reflect On
- How can you identify the cheapest fair solution?
- When might low cost compromise quality?
A Different Perspective
May ignore power imbalances that affect fairness.
