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Yes, but another way of looking at it is that if you prioritize A over B, it's because the opportunity cost of not doing A would be greater than the opportunity
by doodpants 6y ago
Yes, but another way of looking at it is that if you prioritize A over B, it's because the opportunity cost of not doing A would be greater than the opportunity cost of not doing B. So "prioritization" is another way of saying "minimizing opportunity cost".
- sfvisser 6y agoSure, but talking about the opportunity cost of the thing you did pick feels backwards to me. Also, prioritization is not only minimizing cost, you’re probably also maximizing reward. So the calculation is more complicated anyways.
- adrianmonk 6y agoI didn't see where the article talks specifically about which thing has an opportunity cost. As far as I can tell, it just says opportunity cost is the relevant phenomenon and leaves it to the reader to figure out which things have a cost and how all the math works out on that.