An axiomatic approach to complete patience and time invariance
成果类型：
Article
署名作者：
Marinacci, M
署名单位：
University of Toronto
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1997.2451
发表日期：
1998
页码：
105-144
关键词：
摘要：
The standard criterion used to compare streams of payoffs in the undiscounted case is lim inf(T --> infinity) 1/T Sigma(t = 1)(T) u(x(t)). In this paper we approach the problem axiomatically. This sheds light on the behavioral underpinnings of such a rule and leads to a novel choice criterion, the Polya Index. Journal of Economic Literature Classification Numbers: C72, C73, D90. (C) 1998 Academic Press.