Question
Suppose exercising is associated with utility on the day you exercise and on the day after. Suppose it gives you a utility of -6 utils
Suppose exercising is associated with utility on the day you exercise and on the day after. Suppose it gives you a utility of -6 utils on the day you exercise and a utility of 8 utils the following day. Let's say that you are partially nave (your true beta is .5, but you think it is .6 in the future), do you think you will exercise tomorrow?
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Macroeconomics Canada in the Global Environment
Authors: Michael Parkin, Robin Bade
8th edition
321778103, 978-0321808370, 321808371, 978-0321778109
