Consider the diet problem of Example 12 3 Let 0 99, ul 2, uh 1, yi 1 180 for all i, and w 140 Suppose that initial weight in the first period is 200 How high does need to be before the person will actually go on a diet rather than just planning to in the future Use geometric series to solve this an...

If we consider only behavior in the second period the individual will decide to diet if similar ...

Consider the diet problem of Example 12.3. Let = 0.99, ul = 2, uh = 1,

Question:

Consider the diet problem of Example 12.3. Let δ = 0.99, ul = 2, uh = 1, yi = 1/180 for all i, and w = 140. Suppose that initial weight in the first period is 200. How high does β need to be before the person will actually go on a diet rather than just planning to in the future? Use geometric series to solve this analytically.