The main definition of opportunity cost is that every decision you make there is a trade off to it
Not all trade offs are equal though so throughout your day you need to examine the trade offs you are making and figure out whether they work or not
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Part 2 as I promised the Incentives mental model was especially interesting
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Many people and organizations fail to take into account the various opportunity costs.
Opportunity cost is the loss of potential gain from other choices when one alternative is chosen.
Every time you decide to buy something, you choose to lose out on investing that money. If you buy a brand new car you don't need for $30,000, you're missing out ...
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