Recursive utility and preferences for information
نویسندگان
چکیده
منابع مشابه
Recursive utility and preferences for information
This paper presents an axiomatic foundation for recursive utility that captures the role of the timing of resolution of uncertainty without relying on exogenously speci®ed objective beliefs. Two main representation results are proved. In the ®rst one, future utility enters the recursion through the type of general aggregators considered in Skiadas (1997a), and as a result the formulation is pur...
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ژورنال
عنوان ژورنال: Economic Theory
سال: 1998
ISSN: 0938-2259,1432-0479
DOI: 10.1007/s001990050222