Bob needs to decide whether to go home or go to the library. At home, his menu is H : = {a,b,c} where a is study, b is watch TV, and c is surf the Internet. In the library, his menu is L = {a, c}. Let u(a) = 10, u(b) = 0, u(c) = 2 and v(a) = 0, v(b) = 8 and v(c) = 4. Then the multi-self model implies that Bob will go to the library and surf the Internet there Bob will go to the library and study there Bob will go home and study Bob will go home and watch TV
Bob needs to decide whether to go home or go to the library. At home, his menu is H : = {a,b,c} where a is study, b is watch TV, and c is surf the Internet. In the library, his menu is L = {a, c}. Let u(a) = 10, u(b) = 0, u(c) = 2 and v(a) = 0, v(b) = 8 and v(c) = 4. Then the multi-self model implies that Bob will go to the library and surf the Internet there Bob will go to the library and study there Bob will go home and study Bob will go home and watch TV
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter4: Going Into Debt
Section: Chapter Questions
Problem 2AA
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