An intertemporal model of growing awareness

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 Viero (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.

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Year of publication:	2017
Authors:	Vierø, Marie-Louise
Publisher:	Kingston (Ontario) : Queen's University, Department of Economics
Subject:	Awareness \| Unawareness \| Intertemporal Utility \| Recursive Utility \| Reverse Bayesianism

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Series:	Queen's Economics Department Working Paper ; 1388
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	898432863 [GVK] hdl:10419/188900 [Handle] RePEC:qed:wpaper:1388 [RePEc]
Classification:	D8 - Information and Uncertainty ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; D83 - Search, Learning, Information and Knowledge ; D9 - Intertemporal Choice and Growth
Source:	EconStor

Persistent link: https://www.econbiz.de/10011939439