Answer to Question #149913 in Finance for Bhumika

Question #149913
Suppose that you are facing a choice between X (5 utiles at t=0), Y (7 utiles at t=1), and Z (10 utiles at t=2). You must choose one and only one of the three alternatives. Further suppose that you are a sophisticated quasi-hyperbolic discounter with β=0.75 and δ=0.85. Which option are you going to pick? Explain.
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