Future-blindness and the product topology
Marcel Andrade,
Lorenzo Bastianello and
Jaime Orrillo
Papers from arXiv.org
Abstract:
We study future-blind preferences, which are preferences that heavily discount the future, within the space of infinite consumption streams. We give two definitions: $N$-blindness, where agents ignore periods beyond a fixed date $N$, and eventual blindness, where all but finitely many dates are neglected. Using a topological approach, we show that the finest topology ensuring eventual blindness coincides with the product topology. This provides a behavioral foundation for continuity in the product topology, which was considered for studying equilibrium existence in infinite-dimensional spaces. Finally, we characterize the dual spaces under these topologies.
Date: 2026-02
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2602.06672
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