A psychic cost is a subset of social costs that specifically represent the costs of added stress or losses to quality of life. In managerial economics and marketing, psychic costs "measure the stress of having to think about a transaction". In the 2000s, one of the important psychic costs are the "search costs" of hunting for content that interests us on the Internet.
Famous quotes containing the words psychic and/or cost:
“Hastiness and superficiality are the psychic diseases of the twentieth century, and more than anywhere else this disease is reflected in the press.”
—Alexander Solzhenitsyn (b. 1918)
“The cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.”
—Henry David Thoreau (1817–1862)