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need help with B & D please 2) Suppose that you face the followingpossible payoffs for a small project you are going to do over
need help with B & D please
2) Suppose that you face the followingpossible payoffs for a small project you are going to do over the next few months, and you could get paid in different amounts with varied payment timing ( t in months): a. If you have a monthly discount factor of 0.85 and your utility function formoney (x) is u( x)=x, which of the fourcompensationoptions above do youprefer? b. What behavioral concept does your answer reflect fromi Chapter 7 ? c. If you were trying to exhibit more patience, how might this affectyour discount factor? d. If you behteve that hyperinfiation is coming in the next month or so, how might this affectyour discount factor? 2) Suppose that you face the followingpossible payoffs for a small project you are going to do over the next few months, and you could get paid in different amounts with varied payment timing ( t in months): a. If you have a monthly discount factor of 0.85 and your utility function formoney (x) is u( x)=x, which of the fourcompensationoptions above do youprefer? b. What behavioral concept does your answer reflect fromi Chapter 7 ? c. If you were trying to exhibit more patience, how might this affectyour discount factor? d. If you behteve that hyperinfiation is coming in the next month or so, how might this affectyour discount factor Step by Step Solution
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