Return to the Case of Jan,the Hyperbolic Discounter from the Previous

question 14

Multiple Choice

Return to the case of Jan,the hyperbolic discounter from the previous question. What values of B and C will lead her to be consistent with a plan not to undertake the action?

• A)C < B < 2C.
• B)B < C.
• C)B > 2C.
• D)B < C < 2B.

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Definitions:

Fallacy

A flaw or error in reasoning that undermines the logical validity of an argument.

Sanctions

Penalties or other forms of enforcement used to encourage compliance with laws, regulations, or rules.

Subjectivism

The philosophical stance that reality or knowledge is subjective, depending on the individual's perceptions or feelings.

Fallacy

A mistake in logic that makes an argument unsound.