Costy Opportunity

One of the most well-known economics terms is Opportunity Cost, which is the cost of something in terms of an opportunity forgone (and the benefits which could be received from that opportuntity), or the most valuable forgone alternative (or highest-valued option forgone), i.e., the second best alternative. An early representation of the concept of opportunity cost is the broken window fallacy illustrated by Frederic Bastiat in 1850. See details via wikipeida.

I think this 'opportuntiy cost' is one of misleading concepts. The concept of the opportunity cost seems good and right. But, until when something is done, nobody knows the exact (expected) cost or profit from alternatives. If we choose any alternative, which may not be the best one, we get invaluable benefits from it. Optimality is not on the selecting the best one at the design/decision time. We must think 'Costy Opportunity'. Every decision is worthy, and its benetif is better/more than the opportunity cost (of the best and first alternative). We get the most invaluable thing that the alternative (causing the opportunity cost) never gives.

YES, we get the OPPORTUNITY with COSTs.

Cinema Paradiso (OST Video)

One of the most, until now the Only One, favorite movies of mine -- Cinema Paradiso.

Other Ennio Morricone's
- The Ecstasy of Gold
- The Good, The Bad, and The Ugly
- Finale
- Gabriel's Oboe
- And More... in Youtube