Chateauneuf, Alain; Rebille, Yann - Institut für Schweizerisches Bankwesen <Zürich>; … - 2002
Building upon the works of Gilboa (1989), Shalev (1997) and De Waegenaere andWakker (2001), we show that a simple version of variation aversion, jointly witha myopia axiom allows to derive in an infinite setting a meaningful expressionfor evaluating income streams. Furthermore, we prove that...