In 1995, a former Brigham Young University football
star, Eli Herring, turned down a three-year, $500,000-peryear
offer to play professional football with the Oakland
Raiders. Herring instead chose to pursue a career as a high
school math teacher, earning $22,000 per year. Herring did
so because he is a devout Mormon who believes that the
Sabbath should be observed. Accepting the Raiders' offer,
which involved playing games on Sunday, would have violated
his belief that the Bible prohibits working on a day that
should be devoted to going to church and spending time
with family. From an economic perspective, did Herring
make a rational choice by not signing with the Raiders? Explain.
In economics we would say that rational agents maximize their utility. But, utility isn't all about ...
This solution helps go through the principle of rationality within the context of microeconomics.