To put it in simply put, I think all 'sunk cost' entails 'real cost' but not all 'real cost' entails 'sunk cost'
In my opinion I think I find it more difficult to pay the sunk cost, you know a lot of 'what if' questions comes to mind
What if I'm not being patient enough
What if I'm wrong
What if the grass is not greener on the other side
What If all I need to build is more resilience and persistence
What if I won't be able to recover all I've invested in this
What if this, what if that.
But like you said, at some points in one's life he/she has to just make a decision, to discontinue what is not working and try something else, if you if it fails again, try again in a smarter way, until the desired result is gotten
And I love your conclusion, we have an advantage, for 'we know that in all things God works for the good of those who love Him, who have been called according to His purpose.' (NIV)
Hence, the grass is always greener for us
I didn't get update for your October ending write up
Sunk cost or real cost (alternative forgone) which is a more difficult price to pay?
Discuss
What's your opinion?
Hmmm 🤔
I think they are both similar.
To put it in simply put, I think all 'sunk cost' entails 'real cost' but not all 'real cost' entails 'sunk cost'
In my opinion I think I find it more difficult to pay the sunk cost, you know a lot of 'what if' questions comes to mind
What if I'm not being patient enough
What if I'm wrong
What if the grass is not greener on the other side
What If all I need to build is more resilience and persistence
What if I won't be able to recover all I've invested in this
What if this, what if that.
But like you said, at some points in one's life he/she has to just make a decision, to discontinue what is not working and try something else, if you if it fails again, try again in a smarter way, until the desired result is gotten
And I love your conclusion, we have an advantage, for 'we know that in all things God works for the good of those who love Him, who have been called according to His purpose.' (NIV)
Hence, the grass is always greener for us
I didn't get update for your October ending write up
Hope to see November ending's own
Thanks for the insight 👍