Bobby Makes a New Year's Resolution to Lose Weight

question 5

Multiple Choice

Bobby makes a New Year's resolution to lose weight.On January 3^rd,he decides to go to Ben amp; Jerry's for ice cream instead of going to the gym.Using the concept of revealed preference,economists would most likely conclude that Bobby:

• A) is not a rational individual.
• B) actually gains more utility from ice cream than working out.
• C) has changed his preferences.
• D) has no choice over the actions he takes.

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Definitions:

Optimism

A mindset marked by optimism and assurance in achieving success and a bright outlook for the future.

Confidence

The feeling or belief in one's abilities or qualities, typically leading to a sense of self-assurance.

Positive Psychological Attributes

Traits or qualities of an individual that contribute to their overall psychological well-being, such as optimism, resilience, and gratitude.

Confidence

A belief in one's abilities and qualities, often leading to a sense of self-assurance and assertiveness.