Johnny Depp 2 This exercise refers to Example 9.10. Suppose instead that you can only watch one of the four movies. Will you watch a the mediocre, b the good, c the great, or d the fantastic movie?

(a) Show that an exponential discounter will watch d the fantastic movie.

(b) Show that a naive hyperbolic discounter will watch c the great movie.

(c) Show that a sophisticated hyperbolic discounter will watch a the medio cre movie.