What is an opportunity cost? How do opportunity costs affect decision-making? An opportunity cost is when you need to consider all options to put a decision into context. This affects your ability to make a decision, because it means you need to make a trade-off in order to make a decision. People don’t like making trade-offs, because they lead to three psychological blocks: indecision, emotional stress, and excessive justification. Continue reading to learn about opportunity costs, decision-making, and how to work through indecision.
How Opportunity Costs Affect Decision-Making










