Opportunity Cost & Costs Benefits Analysis, A Model to MAXIMIZE GAINS & Decide Better from NOW on

Opportunity Cost is a mental model from microeconomics that helps us weight the value of certain decisions. This video compares and compliments Opportunity Cost with another model, the Costs / Benefits Analysis. These two models together can go a long way in terms of helping us to make effective decisions and avoiding dead ends. This video endeavors to help the viewer build out their thinking skills and form a latticework of mental models to be a better, more effective person.

#mentalmodel #mentalmodels #mindtools #cognitivetools #learning #thinkingskills #opportunity #opportunitycost #costbenefits #analysis

works cited or recommended:
book: https://amzn.to/2kPlmVf
https://www.dictionary.com/browse/opportunity-cost
https://businesszeal.com/how-to-calculate-opportunity-cost
https://en.wikipedia.org/wiki/Opportunity_cost
https://fs.blog/mental-models/
https://www.thebalance.com/what-is-opportunity-cost-357200
https://www.investopedia.com/terms/o/opportunitycost.asp
*As an Amazon Associate I earn from qualifying purchases.

#mentalmodels #thinkingskills #selfimprovement

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