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Showing posts with the label conclusion

Just my thoughts #0626

One of the key principles of money is ‘opportunity cost.’ It means that when I buy something, I have to give up something else in return. We think we buy because we need something, but we often forget that we could buy something else instead. We rarely consider ‘opportunity cost’ when making a purchase. We do not compare other values against our needs. Buying something means giving up something else, but we often don’t realize it. When we spend money, we should also consider the ‘opportunity cost’; yet, in reality, we aren’t trained to do so. By making a purchase, we bypass the value comparison that may not offer any additional benefits. Maybe it’s because we lack knowledge, or perhaps the idea isn’t appealing. - Joseph’s “just my thoughts”

Just my thoughts #0535

A consequentialist is someone who seeks to connect every conclusion to both motives and intentions. They have different attitudes towards giving up. The judgment of value by linking the beginning and the end also varies. For example, if it is said that a person is born and must die, it is argued that something that is not born is better anyway, or that death is the culmination of life, so it is not negative to die as soon as one is born. They make pessimistic judgments and draw radical conclusions by viewing a microscopic situation macroscopically or, conversely, by examining a macroscopic situation microscopically . Consequentialists see the assistance of those around them as mere tools. Their pleasure comes from winning over others for a plausible cause, and victory is seen as success and achievement. - Joseph’s “just my thoughts”