Epstein, Larry G. - University of Rochester - Center for Economic Research … - 2007
particular, the set of multi-stage or temporal lotteries
that distinguish between risks according to their temporal resolution …, when referring to the Kreps-Porteus model, the intention is to this specialization
of their model.
2
the temporal … the temporal resolution of risk - one is that early
resolution may facilitate planning - and KP are noncommital about …