The Role Of Uncertainty On U.S. Obesity: An Application Of Control Theory
This paper considers the problem of a consumer that cares about her health, which we proxy by deviations from current weight to ideal weight, and derives utility from eating and disutility from performing physical activity while taking into account the uncertainty associated with calorie consumption and physical activity. Using U.S. data, we find that uncertainty regarding the effectiveness of physical activity produces a larger cautionary response. Moreover, it is harder to learn and is more important to the agent than the uncertainty regarding the calorie content of food. These results can help policymakers design more cost effective policies.
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"Why Have Americans Become More Obese?,"
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9446, National Bureau of Economic Research, Inc.
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- Pere Gomis-Porqueras & Adrian Peralta-Alva, 2005. "A Macroeconomic Analysis of Obesity in the U.S," Working Papers 0606, University of Miami, Department of Economics, revised 30 Aug 2007.
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06-5, Federal Reserve Bank of Boston.
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- Pere Gomis-Porqueras & Adrian Peralta-Alva, 2008. "A macroeconomic analysis of obesity," Working Papers 2008-017, Federal Reserve Bank of St. Louis.
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