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Suppose my plan for the last week was that I’d spend today studying, but today I’ve decided it’s not worth it and I’d rather go shopping. Assume I’m not violating the rule that tells me to maximize expected utility, since enjoying myself now is more worthwhile to me than the future benefit of studying. Explain what’s going wrong and why this way of proceeding is a problem for me.

Respuesta :

Based on the information about utility given, the negative aspect of it is that the individual is breaking the consistency and determination.

From the information given, we are informed that the person has a plan to spend today studying, but now the person wants to go shopping.

This implies that the individual is breaking the consistency and determination. This may result in a negative effect on the person's grade.

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