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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