Opportunity Costs - Deepstash

Opportunity Costs

Schwartz explains how opportunity costs, the value of what we forgo when making a choice, can make decisions more complex and less satisfying. With more options, the potential for lost opportunities increases.

“Opportunity costs subtract from the satisfaction we get out of what we choose, even when what we choose is terrific.”

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When mulling over multiple choices, the quality of any option cannot be assessed in isolation from its alternatives. The price you pay (or the sacrifice you make, or the benefits you give up) for doing what you’ve chosen to do instead of doing something else is the opportunity cost.

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