Notebook & Site Glossary:

A B C D E F G H I L N O P R S T U

Opportunity Cost

An economic concept that refers to the value of the next best alternative that is foregone when making a choice. In other words, it’s what you give up when you decide to allocate your resources (time, money, effort, etc.) to one option over another. Opportunity cost is a fundamental principle in decision-making, as it highlights the trade-offs involved in every choice.

Optimization

The process of making something as effective, functional, or beneficial as possible within given constraints. It involves finding the best possible solution or outcome by maximizing desired factors (e.g., efficiency, happiness, profit) while minimizing undesired ones (e.g., costs, waste, stress). Optimization is a key concept in various fields, including mathematics, economics, engineering, computer science, and psychology, but its core idea remains the same: achieving the best possible result under specific conditions.

Index Of Tactical Notebook Articles In Order Of Suggested Reading:

This index is a revision of our now removed Legacy Member Handbook series. New articles are added over time and the index adjusted accordingly. Visist the “Updates” environment (linked in the main navigation menu) to get up to speed or see when new content is added or changes have been made to existing articles.