Posts Tagged with "decisions"

We are our Experiences

Wednesday, February 27, 2008

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A few weeks ago, I read an interesting post by Joseph Kelly on the phrase; “We are our Experiences”. Joseph’s post definitely made me search for the true meaning on that phrase. As Joseph recognized and stated, people often accept things the way they are, or make excuses for things that happen [...]

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Opportunity Cost in Real Life

Thursday, February 21, 2008

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Taking Macro and Micro this semester, plus a personal finance class, I have been formally introduced to Opportunity Cost = the highest valued alternative that must be given up to engage or do an activity. For instance, if I decide to buy new shoes ($65) over a nice dress shirt on sale ($25), [...]

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