Which of the Following Weights on Utility (Over Four Periods

question 8

Multiple Choice

Which of the following weights on utility (over four periods starting with the current one) provide an illustration of hyperbolic discounting that could well lead to inconsistent choices over time?

• A)1,.5,.25,.125.
• B)1,.25,.0625,.015625.
• C)1,.8,.72,.648.
• D)1,1,1,1.

---

Definitions:

Talus Slope

A steep slope composed of loose rock fragments, that is, talus.

Scoria Cones

Small, steep-sided volcanic cones made of basaltic fragments and ash, typically formed around a single eruptive vent.

Weathered Rock

Rock that has been changed physically or chemically by the action of weather, water, or biological organisms.

Precipitation

Any form of water - liquid or solid - falling from the sky, including rain, snow, sleet, and hail.