Learn more about personaldevelopment with this collection
How to network effectively
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"The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt!"
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Many of life’s important truths are contradictory.
We normally think of contradictions as illogical and therefore useless. But if we prod a bit deeper, we find real wisdom below the surface.
For example, if we hate a certain trait in others, to the point of loat...
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Having more options doesn’t mean that we will be happier, although, we often think that it will.
When we have too many choices, it is more difficult to take action, and if we decide, we are less satisfied with our choice.
Certain external constraints make us overestimate the opportunity cost, as we start to imagine all the foregone options as a missed opportunity and start to see the situation irrationally. This can cause a negative emotional and psychological reaction, like regret.
The opportunity cost i...
Opportunity cost calculation is essential to individuals, corporations and governments, where there are decisions to be made regarding limited resources like time, money and effort. Choosing one of the scarce resources always leads to a trade-off in gains.
It is important to a...
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