Some characterizations of non-additive multi-period models

نویسندگان

  • Alain Chateauneuf
  • Yann Rébillé
چکیده

Building upon the works of Gilboa (1989), Shalev (1997) and De Waegenaere and Wakker (2001), we show that a simple version of variation aversion, jointly with a myopia axiom allows to derive in an infinite setting a meaningful expression for evaluating income streams. Furthermore, we prove that the usual additive discounted expectation introduced by Koopmans (1972) can be accommodated in a non-additive way.

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عنوان ژورنال:
  • Mathematical Social Sciences

دوره 48  شماره 

صفحات  -

تاریخ انتشار 2004