That is (or should be) the reason why people to borrow money. You borrow if the utility gain of having more money now outweighs the loss of utility by having to pay back more money later.
But note that utility becomes more complicated when time gets involved. The utility of a dollar now is not the same as the utility of a dollar next week.
That is (or should be) the reason why people to borrow money. You borrow if the utility gain of having more money now outweighs the loss of utility by having to pay back more money later.
But note that utility becomes more complicated when time gets involved. The utility of a dollar now is not the same as the utility of a dollar next week.