Impulsivity and impatience Suppose you are offered the choice between option a (8 utiles on Thursday) and
Question:
Impulsivity and impatience Suppose you are offered the choice between option a (8 utiles on Thursday) and b (12 utiles on Friday).
(a) Assume that b 5 1 and that d 5 5/6. From the point of view of Thursday, which one would you choose? From the point of view of Wednesday, which one would you choose?
(b) Assume that b 5 1 and that d 5 1/6. From the point of view of Thursday, which one would you choose? From the point of view of Wednesday, which one would you choose?
(c) Assume that b 5 1/2, and that d 5 1. From the point of view of Thursday, which one would you choose? From the point of view of Wednesday, which one would you choose?
(d) Assume that b 5 1/2, and that d 5 2/3. From the point of view of Thursday, which one would you choose? From the point of view of Wednesday, which one would you choose?
Step by Step Answer: