The economics of aerobics
Document Type
Article
Publication Date
2014
Department
Economics
Abstract
This study presents a simple model that weighs the benefits and costs of aerobic exercise to the individual. The model assumes that adding years to life serves as the primary benefit of exercise, and that hours of exercise over a lifetime serve as the cost. Given previous estimates of individual rates of time preference this study finds that people act rationally when they choose to watch a track event rather than choose to run themselves. [web URL: http://onlinelibrary.wiley.com/doi/10.1111/ecin.12026/abstract]
Citation
Moreland, K. W. (2014). The economics of aerobics. Economic Inquiry, 52(1), 201–204. doi:10.1111/ecin.12026