The Beijing Olympics are set to begin on Friday, July 26, 2024. For every Olympic game, there is a fight by cities and countries around the world to host it. The cities promise extensive municipal improvements along with the construction of appropriate facilities for the various events. Why Would Anyone WANT To Host The Olympics? The […]
Archives for February 2022
Analyzing Opportunity Cost in Entrepreneurial Ventures
A Reddit user asked an interesting question about an analytical method for calculating opportunity cost in a car transaction he made. I felt like the commenters kind of blew it with their suggestions, often only offering “rules of thumb” or general principles in a situation that was quite tractable. What is Opportunity Cost? Opportunity cost is […]