For the utility of reading, Time consistent preferences Problem1.1a, why have you not raised the product of periodical utility (0.1) * discount rate (0.92) by 99? Adowa drives utility = 0.1 for every single one of the 100 periods she reads the books. Excluding the first time, for each of the remaining 99 days she reads the book, with identical utility 0.1. Over 99 times that combines to {(.10)*(0.92}^99. Or have I got it mixxed up?