Problem
Will and Becky are two college students who are planning on Sunday how much they will study on Monday for a test on Tuesday. Will weighs future utility the same as current utility. Becky is more impulsive. She puts weight 1 on current period utility but only weight won utility earned in future periods where 0
a. Under what condition on s and b would Will plan to study for the test? What condition is required for him to carry through on his plan?
b. Under what conditions on s an b would Becky plan to study for the test? What condition is required for her to carry through on her plan?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.