A sophisticate will never complete an identical task after a naïf.
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Q10: Consider the example given on pages
Q11: Consider the example given on pages
Q12: A sophisticate solves the inter-temporal model recursively,
Q13: Consider the example given on pages
Q14: The difference in timing between rewards and
Q16: Naifs and sophisticates always violate either the
Q17: Commitment mechanisms
A) Force the individual into a
Q18: An assumption that is implicitly built in
Q19: Fiona must decide when to go to
Q20: A naif cannot solve the inter-temporal problem
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