Question: Consider the Gul-Pesendorfer Model. Alice needs to do an assignment a, which has longutility u(a) = 2 and no temptation utility: v(a) = 0. Consider

Consider the Gul-Pesendorfer Model. Alice needs to do an assignment a, which has longutility u(a) = 2 and no temptation utility: v(a) = 0. Consider the following two alternative activities: (i) watching television (t), with u(t) = 0 and v(t) = 1, and (ii) going out with her friends (f), with u(f) = 0 and v(f) = 3. In answering the last four questions you can use the symbol for a strict preference and for indifference

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