In the 1980’s I decided to set out a quest to cure my
ignorance regarding the subject of economics. I attended a week long intensive course on
the subject taught by the department head of Purdue and Indiana Universities.
(It was funded by a grant and taught every few years to clergy.) I learned many
concepts but the two most interesting and life altering are “opportunity cost”
and “game theory.” Both are about making decisions between two mutually
exclusive alternatives. That is, if you do one thing you can’t also do the
other.
You have two alternatives. For example, you can take a
vacation in the mountains or the beach. You only have time and money (scarcity) to
do one. Each choice would bring you a measure of pleasure. Many pleasures are
exclusive to a given choice. You face a measure of anxiety because you are confronted with a choice that guarantees a measure of regret. The cost associated with the
mountains, if the beach is chosen, is you will miss out on the rushing streams
and quiet forest settings. The cost of choosing the mountains is that you will
miss out on the quiet morning walks down the beach and endless horizon of the
ocean’s edge.
One form of Game theory differs in that my choice will
bring gain to me and loss to another. This concept is often more accurately
called “interactive decision theory.” My choice will cost me but it will also
cost others. I consider this when I am faced with many choices that will bring
benefit to me and others I care about, but will do so at a cost. This cost will
raise the level the stress associated with difficult decisions. We find peace
when we say, “This path is just too costly.” In the end it comes down to what
course will bring the greatest benefit to the most people. Of course, we also need to considered what course of action will bring the greatest glory to God or will
meet with what we discern His greatest pleasure.
I am personally faced with many mutually exclusive
decisions. Our congregation is also faced with a mutually exclusive decision.
Some view our prospects as an opportunity for a better future; others might
think the cost of that opportunity is too high. Two things are sure about such a
crisis, one is that it is stressful, the other is this stress will greatly diminish
once we (I) settle on a course of action and face the sorrow of knowing that
whatever is decided will have a cost.
People and organization move toward homeostasis – or an
even kneel to borrow a nautical term. We long to steady the boat when it threaten to capsize. Every effort will be marshaled to make uncertainly certain again. How I long for smooth sailing!
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