Question: 1 Overlapping Generations Question 1.[25pt] Consider the overlapping generations model with Cobb-Douglas utility U = CICH+1 where ct is consumption when young and ct+1 is

1 Overlapping Generations Question 1.[25pt] Consider the overlapping generations model with Cobb-Douglas utility U = CICH+1 where ct is consumption when young and ct+1 is consumption when old. Workers earn wages in the first period and live off their savings in the second: C + st

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Context, i.e. the context of the information presented and received

1. To gain insight into why we believe more in one type of information than another.

2. In this chapter, the reader should reflect on the following concepts: emo-tional information, concrete information, local information, the reference object, consensus information, conflict...