FlyerTalk Forums - View Single Post - Value of AAdvantage miles - How much is 1 mile worth to you? (consolidated)
Old Jul 20, 2010 | 8:46 pm
  #158  
jkearns
 
Join Date: Mar 2009
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Somebody explain to me why we should discard the well established definition and application of "opportunity cost?"

Economists have studied this type of question for a long time and have pretty much come to consensus on it. This is a pure, straightforward, simple application of it.
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