Rejection Cost. From the perspective that my profit is someone else’s loss, and someone else’s profit is my loss, the fact that I have to reject an opportunity to make money for my circumstances is a loss for me and an act of giving someone else a profit. In other words, my added value is not determined solely by productivity but also by the marginal utility generated by the law of supply and demand. Therefore, my labor price should reflect the value that I have given up—the profit I could have gained. If the rejection cost is not included in my profit, I will be at a loss to that extent. Failing to account for rejection costs in production expenses is not wise, but foolish, because it risks my survival. There is no absolute value in this world. All economic values are relative. - Joseph’s “just my thoughts”
Plants produce a toxin called alkaloids for their protection. Over 200 types of alkaloids exist in nature, and they are known for their bitter taste. Humans dislike bitterness and prefer sweetness. Among taste receptors, there are four times as many receptors for detecting bitter flavors compared to other taste perceptions, which is believed to be an evolutionary adaptation for safety against toxins. Fear is an instinctual response in humans to ensure security. Aversion to pain may also serve as a survival mechanism. Don’t be vaguely afraid of fear. - Joseph’s “just my thoughts”