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1.Consider a present biased individual, with a weekly beta=0.8 and delta=0.99is offered a choice between $100 today, $140 in a week, and $150 in two

1.Consider a present biased individual, with a weekly beta=0.8 and delta=0.99is offered a choice between $100 today, $140 in a week, and $150 in two weeks. She will choose:

a.$100 today

b.$140 in a week

c.$150 in two weeks

d. It cannot be determined from the available information.

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