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Suppose a person has a coupon to see a movie on one of the next six days. Given the schedule at the local cinema (which
Suppose a person has a coupon to see a movie on one of the next six days. Given the schedule at the local cinema (which shows a different movie every night), the person's enjoyment from using the coupon would be as follows: If use the coupon on day 1, get 20 utils. If use the coupon on day 2, get 10 utils. If use the coupon on day 3, get 30 utils. If use the coupon on day 4, get 35 utils. If use the coupon on day 5, get 50 utils. If use the coupon on day 6, get 40 utils. Consider a naive person with =1/2, and complete the following statements: On day 1, the person plans to use the coupon on
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