Faced with the big and small choices around you, how do you choose? What is the opportunity cost per

When faced with choices large and small around me, I usually take the following steps to make a decision:

1.Evaluate long-term goals: First, I consider whether this choice is in line with my long-term goals. If the choice helps me achieve my long-term goals, then it is valuable.

2.Research the options: I dig into each option to understand the pros and cons of each. I gather as much information as I can to better understand each option.

3.Criteria for making decisions: I develop some criteria or guidelines to help me make decisions between two or more options. These criteria may include effectiveness, reliability, efficiency, cost, etc.

4.Evaluate the match between options and standards: Next, I evaluate how well each option matches the criteria I have previously established. This can help me determine which option best suits my needs.

5.Consider the opportunity cost: I consider the opportunity cost of each option before making a decision.

Opportunity cost refers to the potential benefit or value that may result from other choices that are forfeited in order to make a certain choice. I weigh the opportunity cost of each option to determine which option is the best value for money.

6.Decisive decision-making: In the end, I will make decisive decisions based on the results of the above steps.

If an option is found to have a high opportunity cost or does not meet my criteria during the evaluation process, I will consider other options or revisit my criteria to find the best solution.

As for what the opportunity cost of each choice is, it depends on the specific circumstances and context of each choice. Opportunity cost is often subjective because it depends on an individual's preferences and values for different options. When making decisions, I try to weigh the potential benefits and opportunity costs of each option to make the most informed decision.

The opportunity cost is determined by the best of the unselected options. For example, A, B, and C are my marriage partners. I think A is better than B and B is better than C.

transitivity) Then the opportunity cost for I choose A is B instead of C, the opportunity cost for I choose B is A instead of C, and the opportunity cost for me to choose C is A instead of B. The reason for this is that when the option I choose is set in (a), it doesn't matter whether the benefit of the non-opportunity cost item is raised or lowered a little or even disappears (if c disappears, my opportunity cost is still b, neither high nor low).

Summary: When the choice is rational (the optimal option), the opportunity cost is the benefit of the suboptimal option. Note:

The best option is also the one with the lowest opportunity cost. (You can use my example above.) ）