Question: In the lab experiment, a subject's response in a time preference elicitation task is as below. A Tomorrow B 31 days later 1 $100

In the lab experiment, a subject's response in a time preference elicitation 

In the lab experiment, a subject's response in a time preference elicitation task is as below. A Tomorrow B 31 days later 1 $100 D $101 2 $100 $104 3 $100 $107 4 $100 $110 5 $100 D $113 6 $100 $116 7 $100 $119 8 $100 $122 9 $100 $125 10 O $100 $128 A 351 days later B 381 days later 11 $100 $101 12 $100 $104 13 A $100 $107 14 $100 $110 15 $100 $113 16 $100 $116 17 $100 $119 18 $100 $122 19 $100 $125 20 $100 $128 Calculate the corresponding & and values for a period of 30 days.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!