Cameron has a choice between $100 today and $150 in three months. Zari has a choice between

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Cameron has a choice between $100 today and $150 in three months. Zari has a choice between $100 today and $125 in three months. Cameron chooses $100 today. Zari chooses $125 in three months. Explain why Zari is the one who delays payment even though Cameron stands to earn more by waiting.

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Microeconomics

ISBN: 9781260521078

3rd Edition

Authors: Dean S. Karlan, Jonathan J. Morduch

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