Question: Write the agent's budget constraint for times t = 0, 1, 2, making sure that you state exactly the dependence of the different variables on
Write the agent's budget constraint for times t = 0, 1, 2, making sure that you state exactly the dependence of the different variables on histories of the world st (event-tree form). 2. State the agent's maximization problem. Make sure to write out the expecta- tion operator of the objective function and substitute out consumption using the budget constraints. State all choice variables
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