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Old Nov 12, 2015, 12:09 PM
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InRealLife45 InRealLife45 is offline
Poohbah
 
Member Since: Jun 2014
Location: Virginia
Posts: 1,430
Quote:
Originally Posted by unaluna View Post
Economics calls it opportunity cost. The cost of doing one thing is letting go of the other. I was talking to a student on the bus yesterday who recently switched from psychology to econ and was talking about how similar the two subjects were. I believe that, but i never heard anyone else say it.

Yes I can see that. Cost of doing one thing is letting go of another - letting the other person/people involved make their choices, then you are presented with two new choices from there, but you can never have both your original choices.



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Thanks for this!
unaluna