Question: a When does a time consistent decision maker complete this task b When does a naif complete the task c When does a sophisticate complete

a When does a time consistent decision maker complete this task b When does a naif complete the task c When does a sophisticate complete the task d Do any of these decision makers violate dominance If so which ones e Do any of these decision makers violate the Independence of Irrelevant Alternatives IIA If so which ones

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ANSWER A When does a time consistent decisionmaker complete this task The first relates to the timing of making decisions The second is the availabili... View full answer

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