A model of second-order arithmetic satisfying AC but not DC

We show that there is a $\beta$-model of second-order arithmetic in which the choice scheme holds, but the dependent choice scheme fails for a $\Pi^1_2$-assertion, confirming a conjecture of Stephen Simpson. We obtain as a corollary that the Reflection Principle, stating that every formula reflects to a transitive set, can fail in models of ${\rm ZFC}^-$. This work is a rediscovery by the first two authors of a result obtained by the third author.