Tag: Rational Choice Theory
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Eudaimonia
Eudaimonia, rooted in ancient Greek philosophy and Aristotle’s ethics, highlights virtue, reason, and community as key to well-being. It suggests true fulfillment stems from ethical behavior and balance, showcasing a broad perspective on human flourishing that surpasses mere pleasure, embodying a life of meaningful achievements and connections.
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Opportunity Cost
Opportunity cost quantifies the trade-off between options, serving as a cornerstone for strategic decision-making by measuring the value of the next best alternative.