In standard economic models of inter-temporal choice,people are assumed to evaluate the overall utility they would derive from any choice by first evaluating the single-period utility?

Question

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In standard economic models of inter-temporal choice, people are assumed to evaluate the overall utility they would derive from any choice by first evaluating the single-period utility. Therefore, the correct answer is single-period utility, option B. The other options (multi-stage utility, 2 period utility, and inter-temporal utility) are not relevant to the initial evaluation of utility in standard economic models of inter-temporal choice.

In Standard Economic Models of Inter-Temporal Choice,people Are Assumed to Evaluate