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Suppose you have an exponentially discounted utility function with dis- count factor = 1 . Please write down the payoff table (different rows for different
Suppose you have an exponentially discounted utility function with dis- count factor = 1 . Please write down the payoff table (different rows for different selves, and different columns for writing the report on different days). What will you do on Friday, Saturday, and Sunday, respectively? (b) Suppose you have an exponentially discounted utility function with dis- count factor = 0.5 . Please write down the payoff table (different rows for different selves, and different columns for writing the report on different days). What will you do on Friday, Saturday, and Sunday, respectively? 2
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