Comments on: Opportunity Cost

By: Laura Rushford

Laura Rushford — Wed, 20 Jun 2012 12:37:14 +0000

My sister is one lucky lady, you are so awesome. I loved this. Oh! and Miles is one lucky kid.

By: Gray

Gray — Wed, 20 Jun 2012 11:46:22 +0000

Perhaps he wanted it so much because he knew he couldn’t have it every time. Delayed gratification is a great gift to teach. You’re a good dad, James.

By: Marty

Marty — Wed, 20 Jun 2012 02:38:37 +0000

James, I understand the sentiment, but I think you are beating up too much on yourself. $7 for a 5(?) minute ride isn’t cheap. Kids have to know that there is not an infinite amount of money in the world to do fun stuff with. I would like to think that the “opportunity cost” issue can be turned in to helping your kids to make such decisions themselves. Taking the dollar issue and ride at face value, does the child want that ride that much, or would the child choose a new book which might provide entertainment over a more extended period? Similarly, is the opportunity cost of the time at the ride more important than being home for dinner on time with the rest of the family, or getting to a dentist appointment, or whatever? Lest you think I am the Grinch reincarnate, I hasten to add that with 2 13-year old daughters, I certainly look back and think what I might have done better in one or another circumstance. And we all try to make good choices for our families.

By: Doug Prather

Doug Prather — Wed, 20 Jun 2012 01:38:22 +0000

As the father of a manchild just a few years older than yours James I know the mixed feelings you’re talking about. He’s suddenly too grown up to acknowledge his parents in public yet still young enough to want to be hugged before he goes to bed at night. It’s a bittersweet experience but I’m glad to be along for the ride with him.