Opportunity Cost
2006年 11月 02日
Having 5 glasses of shochu was enough to knock me down…
Yesterday, I got a call from my old sempai to go out to drink together.
It's been years since we met last, and so I wanted to see him to learn business environment around him.
But I knew I have to study hard for the exam at home, and that yet we’re gonna drink like a fish.
I made a quick calculation
GAIN: information of environment in a certain field of financing business
LOSS: about 4,000 yen, maybe.
And I applied the notion of opportunity cost (BEC)
Opportunity Cost: certain amount of knowledge that I was supposed to acquire by studying for 3 hours.
Then I thought,
GAIN > ( LOSS + GAIN )
So I went out to drink with him.
There I learned a lot from him, and drunk as much…
This is how I failed to wake up early in this morning ( > _ < )
It was good that I got a lot of news from him.
Now, how should I catch up with the huge opportunity cost that I had paid…