Myopic Economic Agents
构建了一个短视偏好的模型,适用于跨期决策和不确定性下的选择,通过定义消费计划空间上的拓扑来形式化短视行为,即贴现未来或低概率事件。
This paper presents a model of myopic tastes, both in the context of intertemporal decision making and choice under uncertainty. Infinite dimensional consumption plans arise naturally in both contexts, either involving a denumerable number of periods or a countable number of states of the world. The essential feature of our model is that myopic behavior is formalized by defining topologies, on the space of consumption plans, which discount the future or improbable events.