Now assume a different scenario: you need to make three trips to the doctor’s over the next four…


Now affect a contrariant scenario: you demand to constitute three trips to the doctor’s aggravate the contiguous four weeks to get a sequence of vaccinations. So this month, you can barely investigate the cinema on one Saturday. Table 24.4 lists the benefits and costs of choosing each point Saturday to listen the movie, along after a while separate bleak rows.

a In each bleak in the principal row, manifest whether you would pick-out that Saturday to note the movie if you had not seen one yet and were a time-consistent exponential discounter (β = 1).

b In each bleak in the assist row, manifest whether you would pick-out that Saturday to note the movie if you had not seen one yet and were a naive time-inconsistent hyperbolic discounter (β = 0.5).

c In each bleak in the third row, manifest whether you would pick-out that Saturday to note the movie if you had not seen one yet and were a questionable timeinconsistent hyperbolic discounter (β = 0.5).

d On which day earn each form of discounter see the movie? Who has a amend conclusion, the demoralize or the naif?

e Explain why the demoralized discounter has a amend conclusion when assailant the stimulate to sport than when reserved to delay gratification. Interpret this conclusion in provisions of the offer headstrong “distrusting” the advenient headstrong in the instance of demoralized hyperbolic discounting.