Suppose you are offered the choice between option a (8 utiles on Thursday) and b (12 utiles on Friday). (a) Assume that b 5 1 and that d 5 5/6. From the point of view of Thursday, which one would you choose? From the point of view of Wednesday, which one would you choose? (b) Assume that b 5 1 and that d 5 1/6. From the point of view of Thursday, which one would you choose? From the point of view of Wednesday, which one would you choose? (c) Assume that b 5 1/2, and that d 5 1. From the point of view of Thursday, which one would you choose? From the point of view of Wednesday, which one would you choose? (d) Assume that b 5 1/2, and that d 5 2/3. From the point of view of Thursday, which one would you choose? From the point of view of Wednesday, which one would you choose?
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