A Subjective Model of Temporal Preferences

Todd Sarver and Haluk Ergin
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Haluk Ergin: Washington University in Saint Louis, Dept. Economics

No 1183, 2009 Meeting Papers from Society for Economic Dynamics

Abstract: linear hidden action preferences exhibiting a preference for late resolution of uncertainty. The costly contemplation model (Ergin and Sarver (2008a)), as well as a generalization of the Kreps and Porteus (1978) model that allows for preference for flexibility in the sense of DLR (2001) are also characterized.

Date: 2009
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