keannu
VIP Member
- Joined
- Dec 27, 2010
- Member Type
- Student or Learner
- Native Language
- Korean
- Home Country
- South Korea
- Current Location
- South Korea
In social studies, they have a term called "opportunity cost" as in the following, but in Korean it is translated as "opportunity budget(expense)", but I think it's like "opportunity sacrifice or loss", maybe they translated it wrong when they first introduced it to Korea just sticking to the basic meaning of "cost". I need your clear confirmation.
ex)When you choose an item among a number of options, the attractive features of the rejected items will decrease the satisfaction derived from the chosen item....Because we do not put rejected items out of our minds, we experience the disappoinment of having our satisfaction with decisions reduced by all the options we considered but did not choose. In light of these negative effects of opportunity cost, which is the cost of the opportunity you lost by making one choice instead of another....
ex)When you choose an item among a number of options, the attractive features of the rejected items will decrease the satisfaction derived from the chosen item....Because we do not put rejected items out of our minds, we experience the disappoinment of having our satisfaction with decisions reduced by all the options we considered but did not choose. In light of these negative effects of opportunity cost, which is the cost of the opportunity you lost by making one choice instead of another....