Yes. The full expansions (with no limit on the time horizon) are
rCandy1−γ,rWait!+γrChocolate1−γ, and rWait!+γrHug1−γ, where rCandy,rWait!,rChocolate,rHug∼unif(0,1).
Yes. The full expansions (with no limit on the time horizon) are
rCandy1−γ,rWait!+γrChocolate1−γ, and rWait!+γrHug1−γ, where rCandy,rWait!,rChocolate,rHug∼unif(0,1).