Question 1 Daniel Kahnernan [2002 Nobel laureate) and Richard Thaler [2(113Ir Nobel laureate) coauthored an article in the Journal of Economic l'd'erspectiyesfL Read this article, and answer the following questions: A. What distinction do these authors make between decision utility and experienced utility? B. What are projection biases in the context of this paper? Provide an example of a projection bias. either from your life or from the paper. C. How does the notion of a projection bias relate to whether and how much people choose to save for retirement when they are young? D. Consider the examples of differences of experienced utility described in the paper, such as the shopper who receives higher experienced utility from food when he is hungry compared to when he is sated. or who enjoys warm clothes more when she is cold compared to when she is warm. Based on these examples, or similar observations of experienced utility you may have from your own life, what are the fundamental factor or factors that determine the experienced utilitv of any given good or scenario