Kim has the following intertemporal utility function for the consumption of iPad games: Ut = ut...

  

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Kim has the following intertemporal utility function for the consumption of iPad games: Ut = ut + ß(Sut+1 +8² Ut+2 + 8³Ut+3+...) where ß, 8 € [0,1] Suppose Kim has the following options and the associated utility streams from playing an hour of iPad games: Ut=0 Ut=1 Prodigy 2 12 Codespark 4 8 Roblox 10 0 ut-o is the utility gained from playing an hour of games on the day the game is played, i.e. immediate benefit. u₁=1 is the utility gained from playing an hour of games on the day after the game is played, i.e. delayed benefit. Assume ß = 1 and 8 = 1, and Kim is allowed to play iPad games for an hour today. Which of the three games above will Kim choose to play? (1 mark) Kim has the following intertemporal utility function for the consumption of iPad games: Ut = ut + ß(Sut+1 +8² Ut+2 + 8³Ut+3+...) where ß, 8 € [0,1] Suppose Kim has the following options and the associated utility streams from playing an hour of iPad games: Ut=0 Ut=1 Prodigy 2 12 Codespark 4 8 Roblox 10 0 ut-o is the utility gained from playing an hour of games on the day the game is played, i.e. immediate benefit. u₁=1 is the utility gained from playing an hour of games on the day after the game is played, i.e. delayed benefit. Assume ß = 1 and 8 = 1, and Kim is allowed to play iPad games for an hour today. Which of the three games above will Kim choose to play? (1 mark)