What will be worth two units of time prior to getting reward

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Reference no: EM132727115

Problem 1: A reward that is discounted hyperbolically is worth 89 seven units of time prior to getting the reward. What will it be worth two units of time prior to getting the reward?

Problem 2: Which of the following strategies would likely be the most effective at resisting a smaller, sooner reward that interferes with getting a larger, later reward?

Group of answer choices

a. Having a general sense of how to resist the small reward so that your plan will be maximally applicable in many different situations

b. Having a specific plan for what to do when the small reward is available so that a plan does not have to be made in the moment

c. Preparing a plan very close in time to the smaller, sooner reward so that the plan will not have yet been forgotten

d. Not preparing a plan in advance so that you can get more practice at resisting temptations on the spot

Reference no: EM132727115

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