Discount factors For each of the following, identify whether the persons d is likely to be high
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Discount factors For each of the following, identify whether the person’s d is likely to be high (as in close to one) or low (as in close to zero):
(a) A person who raids his trust fund to purchase a convertible.
(b) A person who enrolls in a MD/PhD program.
(c) A person who religiously applies sunscreen before leaving the house.
(d) A person who skips her morning classes to go rock climbing.
(e) The Iroquois Native American who requires that every deliberation must consider the impact on the seventh generation.
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