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then there’s a unique equilibrium with gi  0 for all i  1, . . . , n. 3. If k / (n  1)  (a  j 1) / ( j  j) for all players j  1, . . . , n with a  j  1, then there do exist other equilibria with positive contribution levels. In these equilibria all k gamers with a  i  1 should choose gi  zero while all other gamers contribute gj  g  . Note additional that (a  j 1)/( j  j)  a / 2. ward today makes you delay till period 3. When M  2, the period-1 sophisticate is aware of he will do the second exercise in interval 2 if he does the primary now, but he can force himself to do it in intervals 2 and three if he waits now. Example four additionally illustrates that the easy comparability of proposition 2—that for M  1 sophisticates The hottest product dont care bear weed leaf all over print rompersalways do it before naïfs—does not prolong to the multiactivity case. In example four with M  2, sophisticates do it after naifs. The intuition behind proposition 2 was that sophisticates are correctly pessimistic about their utility from completing the exercise in the future, and are subsequently less keen to attend than naifs. But for M 1 the relevant query is how pessimism affects the marginal utility of

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