Some interesting thoughts on why we don’t take care of ourselves as we get older. Abstract Many adults have an overly pessimistic view of old age because they fail to correctly predict their ability to hedonically adapt to old-age health related problems. A standard utility model where the marginal utility of health is higher at…
Some interesting thoughts on why we don’t take care of ourselves as we get older. Abstract Many adults have an overly pessimistic view of old age because they fail to correctly predict their ability to hedonically adapt to old-age health related problems. A standard utility model where the marginal utility of health is higher at a lower…
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