The Mental Models Daily Podcast

Opportunity Costs


Listen Later

Opportunity cost is a fundamental economic concept that refers to the value of the next best alternative foregone when a decision is made. In other words, it represents the benefits or value that could have been gained by choosing an alternative course of action instead of the one that was chosen.


Every choice has a price 💸⏳ What you give up when choosing one option over another.


For more mental models, please visit www.mentalmodelsdaily.com


Get the full list at https://tinyurl.com/mentalmodelsdaily


Follow us:

X: @mindmodelsdaily https://x.com/mindmodelsdaily

Instagram: @mentalmodelsdaily https://www.instagram.com/mentalmodelsdaily/


Youtube: https://www.youtube.com/@MentalModelsDaily/podcasts

Spotify: https://open.spotify.com/show/1f0qi12saeBEJmtnjOSszg

Amazon Music: https://music.amazon.co.uk/podcasts/6da552cf-1714-45ce-b302-7c6c69386fc3/mental-models-daily

Apple Podcasts: https://podcasts.apple.com/gb/podcast/mental-models-daily/id1754257683

Castbox: https://castbox.fm/channel/Mental-Models-Daily-id6203840?country=us

iHeartRadio: https://www.iheart.com/podcast/269-mental-models-daily-189536773/


Our Podcast music was provided by The Podcast Host and Alitu: The Podcast Maker app.

...more
View all episodesView all episodes
Download on the App Store

The Mental Models Daily PodcastBy Mental Models Daily

  • 3
  • 3
  • 3
  • 3
  • 3

3

4 ratings


More shows like The Mental Models Daily Podcast

View all
The Daily by The New York Times

The Daily

112,321 Listeners

BJJ Mental Models by Steve Kwan

BJJ Mental Models

238 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

10,017 Listeners

The Mel Robbins Podcast by Mel Robbins

The Mel Robbins Podcast

20,517 Listeners