Economics blog

Imperfect Information - obesity caused by the same problem as debt!

Given that the increasing concern over obesity (and it's knock-on issues) are fairly prevalent in the news at the moment I thought this article from the Independent may be of interest.  The reporter is linking the causes of obesity and debt together - suggesting that our big problem as an animal is that we don't like to think about the future.  I thought that it was an interesting link, not least because we probably all know that its true! It further illustrates the problem of imperfect information and our inability to consume products that benefit us in the long-run (e.g. pensions) and over-consume those products that we know are not good for us (e.g. 90% of what you have consumed over the last two weeks).

Happy New Year to all Tutor2u blog readers.

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