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So I can solve that perfectly easily and I'll do that in Excel in a second.
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And then we can see what happens to everybody's utility.
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So any questions about what I did here?
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Yes.
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Student:
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Yeah, it's going to change the answer, but it's going to qualitatively be the same.
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Student:
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Well, it depends whether when I do this I want to say this is 2, 4,8, 16
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or whether I want to call it 1,2, 4, 8, 16.
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So I don't know which is the right thing.
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Probably I should have done 1,2, 4,8.
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Probably the way I have it here which is t - 1.