What explanation might an economist provide why some people smoke cigarettes when such behavior can lead to health consequences? Some people likely smoke cigarettes because A. they overestimate the future costs of current choices. B. they overvalue the utility from current choices. C. their preferences are consistent over time. D. they undervalue the utility from current choices. E. they overvalue the utility to be received in the future from not getting lung cancer.

Question

Biology

Hall

7 November, 21:12

What explanation might an economist provide why some people smoke cigarettes when such behavior can lead to health consequences? Some people likely smoke cigarettes because A. they overestimate the future costs of current choices. B. they overvalue the utility from current choices. C. their preferences are consistent over time. D. they undervalue the utility from current choices. E. they overvalue the utility to be received in the future from not getting lung cancer.

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Answers (1)

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Judith Preston · Answer 1

They overvalue the utility from current choices

Explanation:

According to an economist view, people generally smoke because they overvalue the benefits or we can say the pleasure that they are having while smoking from the negative consequences of smoking.

Smokers try to justify their habit of smoking by stating that it releases stress or gives pleasure but they hardly take into consideration the harmful effects of smoking like - cancer. They overestimate the utility of smoking and prefers their choices.