Pros And Cons Of Going To The Gym

Economics is how we use our resources when there is scarcity. Time is a scarce resource, and people need to use it wisely. There are tradeoffs and differing amounts of utility people receive with what they do with their time. One-way people could spend their time is at the gym. While some people easily make a habit of going to the gym, others struggle to go and work out. People need to make decisions and they face tradeoffs with how to spend their time. One thing a lot of people say, is I need to go to the gym, but I rarely go. How could this be? They set going to the gym as a priority, and yet their time is spent on other things. On the surface, it looks like a time constraint problem, but there is more to it than that. With a person’s time constraint, they have the choice to spend their time on various things within the 24-hour day (See Fig. 1). If a person focuses a large amount of time in one area, it will take time away from other things. People face many choices throughout the day, which can be draining and cause lack of care for picking the next choice. According to studies done by Dan Ariely “When people’s self-control resources have been taxed by a prior act of …show more content…
Humans will place less weight on the future than they do on the present (Dasgupta). In this example, the big event of going to the gym seems like nothing at the moment, but as the time comes to work out it is too much work to go. In a Harvard economics lecture about Quasi-hyperbolic discounting in 2011, “Relative to the current period, all future periods are worth less” (Laibson). This means the value of the time someone will spend changes depending on how close or far the time is from the current period. People keep wanting to exercise later and procrastinate because if exercise delays benefits, it will provide more utility to go at a later