lecture 7 Flashcards
1
Q
How do you calculate the future value?
A
2
Q
What about the discounted value?
A
3
Q
What does the discount factor rapresent?
A
4
Q
How can you represent different discounted utilities?
A
5
Q
What do we mean by time consistency? how does it relate to rationality?
A
6
Q
How can you rapresent time consistency?
A