Question: The Discounted-Utility model implies that : Beyond discounting, the timing of utility doesnt matter, and there is a preference for commitment. Preference reversals dont happen,

The Discounted-Utility model implies that :

  1. Beyond discounting, the timing of utility doesnt matter, and there is a preference for commitment.
  2. Preference reversals dont happen, and the discount factor is increasing.
  3. Time preferences are consistent, and common outcomes across streams dont matter.
  4. None of the other statements is correct.

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