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A child who loves marshmallows (and the more, the better) is seated in front of a single marshmallow. lfthe child waits a full 10 minutes,

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A child who loves marshmallows (and the more, the better) is seated in front of a single marshmallow. lfthe child waits a full 10 minutes, she receives a second. Let k E {0,1, 2, 3, 4, 5, 6, 7, 8, 9, 10} denote the child's wait time in minutes, where k = 0 represents not waiting at all before eating the marshmallow, k E {1, 2, 3, 4, 5, 6, 7, 8, 9} represents waiting k minutes before eating the marshmallow, and k = 10 represents waiting the full 10 minutes, and then eating two marshmallows. ' Suppose the child is an exponential discounter. What behavior (what values of k ) are possible? (equivalently, what values of k , if observed, would indicate that the child is not an exponential discounter?) In answering this question assume that 0

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