Chris was planning on giving money to her daughters Courtney and Chloe. She gave them each the choice of receiving $25,000 today or $50,000 nine years from now. Courtney took the money today, while Chloe chose to wait the nine years.

1. Does Courtney or Chole place the least amount of value on $50,000 in nine years? How do you know? (2-3 sentences)
2. Suppose Chris changed the offer such that the daughters would have to wait twelve years instead of nine years to get the $50,000. Which sister would be most willing to switch from their original choice? Why? (2-3 sentence)