Consider the following 4 examples of health stock over the life cycle.

1. Consider the following 4 examples of health stock over the life cycle.

1. From birth on, pairwise compare the lives by who gets greater utility from health (hint: use health (H) instead of age). Or, suppose that utility only depends on health.   Fill in your answer in the 1^st column of the table by indicating who gets greater utility.  If utility is equal, mark an “=” sign; if it’s ambiguous, write “?”
2. From age = T on, pairwise compare the lives by who gets greater utility from health (hint: use health (H) instead of age). Or, suppose that utility only depends on health.    Fill in your answer in the 2^nd column. 
3. Repeat the exercise in part a) (from birth on) if the utility function only depends on remaining years of life (hint: use age instead of health (H)). Use the 3^rd column.
4. Repeat the exercise in part c) (from age = T) if the utility function only depends on remaining years of life (hint: use age instead of health (H)). Use the 4^th column