An intertemporal model of growing awareness

Marie-Louise Vierø

No 274714, Queen's Economics Department Working Papers from Queen's University - Department of Economics

Abstract: This paper presents an intertemporal model of growing awareness. It provides a framework for analyzing problems with long time horizons in the presence of growing awareness and awareness of unawareness. The framework generalizes both the standard event-tree framework and the framework from Karni and Vier (2017) of awareness of unawareness. Axioms and a representation are provided along with a recursive formulation of intertemporal utility. This allows for tractable and consistent analysis of intertemporal problems with unawareness.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 35
Date: 2017-09
New Economics Papers: this item is included in nep-mic and nep-upt
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: An intertemporal model of growing awareness (2021)
Working Paper: An Intertemporal Model Of Growing Awareness (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:quedwp:274714

DOI: 10.22004/ag.econ.274714

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