As mentioned in the previous strategy. When starting training it is important to establish realistic expectations of what quantity (and quality) of opportunities. It will lead us to, since simply doing it is often linked to job opportunities without sufficient. And the time and resources invested in carrying out training must be valued not only in net terms. But taking into account that it implies stopping spending time. On other options and betting on other alternatives.
Frederick and his colleagues designed a study to Older’s guide test whether. Consumers factored opportunity cost into their decision making. One of the questions in their study was the following:
Imagine that you have been saving Older's guide
A little money to buy some things and on your last visit to. The video store you see a new video with a special offer. In this video your favorite actor or actress appears and it is the type of movie you like. It is priced at $14.99. What would you do in this situation? Option A. Buy this entertaining video; Option B. Do executive email list not buy this entertaining video. Faced with the dilemma, 75 percent bought the video and only 25 percent did not buy it.
Later, the researchers asked the same question to another group of people, but with a modification in the options: A, Buy this entertaining video. B. Don’t buy this entertaining video and save the $14.99 for other purchases. 45 percent of people decided not to buy the video. The reminder almost doubled the chances of people not making the purchase! Considering other possible alternatives (“if you wanted, you could buy something else with this money”) is enough to change and in some cases improve our decisions.
Take into account the opportunity cost
It is part of the 10 keys to making better decisions in the context of career planning. Increase your options, test instead of predicting, evaluate the response cost. Avoid confirmation BRB Directory bias, study success stories. If there are no disagreement look for it, don’t let short-term decisions decide for you. Distance yourself, prepare for error, when to reconsider a decision.
