Consider a 5 period horizon setting (week 0,...,week 4) with a beta- delta model for which β = 0.5 and δ = 1. There is a

[answerhappygod]

Consider a 5 period horizon setting (week 0,...,week 4) with a
beta- delta model for which β = 0.5 and δ = 1. There is a movie
that the agent can go to in each of weeks 1-4, but her work
schedule permits her to watch only up to 3 of these movies. She
gets 0 utils if she does not watch a movie, and the movies in weeks
1-4 promise to yield 3, 5, 8 and 13 utils respectively. Which movie
does she miss if she is (i) sophisticated, (ii) naive?