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Home Events
economics
10Mar

“Gluttony and Sloth: Signs of Trouble or Evidence of Bliss?” by Rowena PECCHENINO

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Authors:

  • Rowena PECCHENINO
    Michigan State University

  • Heather L. BEDNAREK
    St. Louis University

  • Thomas D. JEITSCHKO
    Michigan State University

 

In a model of rational agent choice in which agents value consumption and leisure as well as health, we establish that individuals, unconstrained by concerns of income or time, can and will choose levels of consumption and leisure that exceed their physiological optima. By how much they exceed the optima depends on a variety of factors, most importantly, the utility cost (benefit) of achieving health. Observed positive long-run trends in adult weight, brought on by higher levels of consumption and lower levels of physical activity, often interpreted as a public health crisis in the making, can be explained by these factors. But, rather than the trend suggesting crisis, it suggests only optimal responses to altered, and perhaps improved, circumstances. While individuals today, all else equal, may weigh more than those a generation or two ago, they also may be happier.

"Why Do Firms Disguise Their Profits? Theory and Evidence from China " by Qiao LIU

Wednesday, 3 March 2004

"Conditional Time-varying Interest Rate Risk Premium: Evidence from the Treasury Bill Futures Market" by Avraham KAMARA

Monday, 22 March 2004

Other Events

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21Jan
Faculty Level | Event
Insights for Young Leaders in a New Global Era
21 Jan 2021 | 20:00 – 21:00
Online via Facebook and Zoom
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8Jan
Accounting and Law | Seminar
“Multidimensional Information and Rational Inattention” by Ms. Keri P. Hu
Friday, 8 January 2021 | 10:40 a.m. — 12:10 p.m.
online seminar
Ms. Peicong (Keri) Hu
“Gluttony and Sloth: Signs of Trouble or Evidence of Bliss?” by Rowena PECCHENINO
Wednesday, 10 March 2004
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