Problem 3. A naive consumer has quasi-hyperbolic preferences U (c1, (2, Q)) = 91+0.6(0.5c2+ 0.25cs) in period 1 and U(c2, cs) = c2 + 0.3c, in period 2. The consumer receives an endow- ment of 1 in each period. In period 2, the consumer can spend 1 on an investment that yields a payoff of 3 next period. The consumer's only investment options are to invest nothing or to invest 1. Determine whether the investment behavior in period 2 matches the planned behavior for period 2 in period 1. [10 TOTAL POINTS]