Question: This is part of my assignment please help Again, this utilityfunction reflects the sharp discount between the new cur- rent period (i.e., period two) and
This is part of my assignment please help




Again, this utilityfunction reflects the sharp discount between the new cur- rent period (i.e., period two) and the new tomorrow (i.e., period three). Finally, at time t = 3 the agent has the following utility function: In ca- a. Prove that if / = 1, then the utility function at t = 2 is a linear trans- formation of the last two terms of the utility function at t = 1. Prove that if /
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