Question: Peter is on his way to class and doesn't really enjoy it very much and would rather go out to lunch with his friends; however,

Peter is on his way to class and doesn't really enjoy it very much and would rather go out to lunch with his friends; however, Peter goes to class anyway. If the purpose of life is to get as much utility as possible in life given our scarce resources, then how can we explain Peter's decision to go to class from an economic perspective?

Peter is forgoing the hedonic-type utility he could get right now and investing in human capital enhancing activities (getting an education) because it will have a bigger eudemonic-type utility payoff in the future.

Economically speaking, Peter is being irrational; to get the most utility he should go to lunch with his friends.

The elephant part of Peter's brain is more powerful than the rider part of his brain, so this explains why he has the economic drive to go to class rather than have lunch with his friends.

The "Be Proactive" habit has a central focus of:

Self-Paradigm: Response Ability

Physical Creation: Traveling the Path

Mental Creation: Destination and Path Planning

In terms of a rewarding career, the _______ hypothesis requires the existence of pre-existing passion while the _______ hypothesis posits that passion evolves over time with mastery.

Craftsman, Passion

Passion, Craftsman

Actualization, Craftsman

Passion, Actualization

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