Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5060545 | Economics Letters | 2012 | 4 Pages |
Abstract
⺠We axiomatize nonmonotone intertemporal preferences in an infinite-horizon setting. ⺠Nonmonotone preferences are modeled via a notion of utility smoothing. ⺠The model also yields a nonmonotone version of multiple-priors utility.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Katsutoshi Wakai,