Fiona has time inconsistent preferences and must when to go to the doctor over the next 4 days. She is a sophisticate and so she uses backward induction to decide when to go because this method will yield the optimal solution.

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The Answer of Fiona has time inconsistent preferences and must when to go to the doctor over the next 4 days. She is a sophisticate and so she uses backward induction to decide when to go because this method will yield the optimal solution.

Fiona Has Time Inconsistent Preferences and Must When to Go