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:
“Despite crime’s omnipresence, things work in society, because biology compels it. Order eventually restores itself, by psychic equilibrium.”
—Camille Paglia (b. 1947)
“It is not enough for theory to describe and analyse, it must itself be an event in the universe it describes. In order to do this theory must partake of and become the acceleration of this logic. It must tear itself from all referents and take pride only in the future. Theory must operate on time at the cost of a deliberate distortion of present reality.”
—Jean Baudrillard (b. 1929)