{"id":2414,"date":"2023-05-03T02:11:00","date_gmt":"2023-05-03T09:11:00","guid":{"rendered":"https:\/\/business.laverne.edu\/news\/2023\/05\/03\/you-can-only-be-in-one-place-at-a-time-dr-ryan-lee-on-opportunity-cost\/"},"modified":"2023-05-12T09:58:11","modified_gmt":"2023-05-12T16:58:11","slug":"you-can-only-be-in-one-place-at-a-time-dr-ryan-lee-on-opportunity-cost","status":"publish","type":"post","link":"https:\/\/business.laverne.edu\/news\/2023\/05\/03\/you-can-only-be-in-one-place-at-a-time-dr-ryan-lee-on-opportunity-cost\/","title":{"rendered":"You can only be in one place at a time: Dr. Ryan Lee on Opportunity Cost"},"content":{"rendered":"\r\n

What do you want to do? What do you want to watch? What do you want to eat? Going to a museum involves not going to the gym. When watching the big game, avoid watching the TV drama simultaneously. Streaming a new movie means you are not streaming your favorite sitcom.<\/p>\r\n\r\n\r\n\r\n

Whenever we choose to do something, we inherently choose not to do another activity. For example, when choosing a place to eat, we keep might keep different choices in an attempt to select the perfect restaurant. It’s better to make a decision than to keep haggling as people get hungrier and closing times approach.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n

Read more about opportunity cost on moneygeek.com<\/a>.<\/strong><\/p>\r\n","protected":false},"excerpt":{"rendered":"

Opportunity cost is the difference in the benefit of a choice you are forgoing compared to the benefit of the choice you are making. You’ll recognize opportunity cost as an estimation of how much regret you’ll feel for making one choice over another.<\/p>\n","protected":false},"author":28,"featured_media":2746,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[287,281,283],"tags":[],"class_list":["post-2414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-achievements","category-faculty-staff","category-in-the-news"],"acf":[],"yoast_head":"\nYou can only be in one place at a time: Dr. Ryan Lee on Opportunity Cost | University of La Verne<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/business.laverne.edu\/news\/2023\/05\/03\/you-can-only-be-in-one-place-at-a-time-dr-ryan-lee-on-opportunity-cost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"You can only be in one place at a time: Dr. Ryan Lee on Opportunity Cost\" \/>\n<meta property=\"og:description\" content=\"Opportunity cost is the difference in the benefit of a choice you are forgoing compared to the benefit of the choice you are making. 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