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8. You are offered two options. Option A: take a $100 check that can be cashed today, or a $200 certified check that can be

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8. You are offered two options. Option A: take a $100 check that can be cashed today, or a $200 certified check that can be cashed in two years. Option B: take a $100 certified check that can be cashed in six years, or a $200 check that can be cashed in eight years. a) Which option would you choose from Option A? From Option B? b) Your friend chooses the $100 check in Option A, and the $200 check in Option B. Explain how their choices are not time consistent. Which systematic bias has your friend fallen victim to

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