1. In a study subjects were asked whether they would purchase a $25 theater ticket if they had already bought the following products. Following the concept of narrow framing, in which cases they are more likely to purchase the theater ticket? In which cases they are less likely to purchase the theater ticket? Explain the reasons for each choice. a. Sports ticket more likely or less likely? b. Jeans more likely or less likely? c. Wine more likely or less likely? d. Boat tour more likely or less likely? 2. Based on the following information, determine whether Maria is experiencing dynamic time inconsistency. When will she watch the movie? Explain your answer. Also, provide an example of precommitment device she could use to overcome the inconsistency. Maria needs to decide on when to watch a movie over the weekend. On Friday her payoffs (utilities) are 6 if she watches on Friday, 5 if she watches on Saturday, 8 if she watches on Sunday. On Saturday, her utilities are 7 if she watches on Saturday and 6 if she watches on Sunday