Question: Consider Susan, who has projection bias using the formula given in class. Assume that Susan has an alpha parameter equal to .8. Susan is a
Consider Susan, who has projection bias using the formula given in class. Assume that Susan has an alpha parameter equal to .8. Susan is a worker at a company and gets offered a choice between two tasks later in the week. One task is hard (H), and one task is easy (E). She gets the following utilities: U(H) if tired = -3 U(H) if rested = 5 U(E) if tired = 1 U(E) if rested = 2 a. Which task does she choose to do later in the week if she is tired at the moment when making the decision but will be rested at the end of the week when she must complete the task? b. Which task does she choose to do later in the week if she is rested at the moment when making the decision but will be tired at the end of the week when she must complete the task
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