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As people get older, they sometimes create bucket listslists of activities they want to complete before they die (kick the bucket) or are otherwise no
As people get older, they sometimes create "bucket lists"lists of activities they want to complete before they die ("kick the bucket") or are otherwise no longer able. How does the economic perspective help us understand why people are more likely to create bucket lists when they are older, rather than when they are younger? Multiple Choice Younger people don't face opportunity costs. Bucket list activities are always expensive, and older people tend to have higher incomes and more accumulated wealth. Older people view time as more scarce and create these lists to help them maximize the utility from their choices. Older people are more economically rational, better at weighing marginal benefits and marginal costs
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