Posts Tagged opportunity costs

Know the Opportunity Costs to Reduce Stress

stress and opportunity costs

One way to reduce stress is to realize that everything in life has a price. The key to reducing stress is knowing the price beforehand and being willing to pay the price.

I’m not talking about actual dollars and cents here. I’m talking about the emotional, mental, or physical costs for every action you take.

For example, at the Massachusetts Institute of Technology, one of the world’s great technology universities, new students are asked to choose two from the following: friends, grades, or sleep.

The point, of course, is that one cannot have all three.

The concept that “everything has a price” is similar to “opportunity costs” that economists use. For example, if you watch a television program, rather than … >>>