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Past-myopic economic agents

Author

Listed:
  • María Jesús Campìón

    (Public University of Navarra)

  • Esteban Indurain

    (Universidad Pública de Navarra)

  • Ana Munarriz

    (Universidad Pública de Navarra)

Abstract

In this paper, the idea of myopic preference and myopic topology provided by Brown and Lewis is further explored. In this sense, new definitions of myopia are introduced for finite spaces. The main contribution of the work is the inclusion of the past in the models. We have defined the notions of past-myopic preference and topology for sequence spaces and n-dimensional spaces. Adding this new dimension makes it possible to work with decision spaces where the economic agent only has information about past events and when she has to choose accordingly to it, which is in line with the reality of certain economic situations, such as voting or finances. This approach generates a wide room for future research lines related to the idea of myopia. Based on this, it would allow to study in forthcoming research past-hyperopic topologies and preferences, and to interconnect different preferences, defined on the past and future models.

Suggested Citation

  • María Jesús Campìón & Esteban Indurain & Ana Munarriz, 2025. "Past-myopic economic agents," Economics Bulletin, AccessEcon, vol. 45(1), pages 555-563.
  • Handle: RePEc:ebl:ecbull:eb-24-00253
    as

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    References listed on IDEAS

    as
    1. Brown, Donald J & Lewis, Lucinda M, 1981. "Myopic Economic Agents," Econometrica, Econometric Society, vol. 49(2), pages 359-368, March.
    2. Paulo k. Monteiro & Jaime Orrillo & Rudy Rosas, 2019. "Hyperopic Topologies Once Again," Economics Bulletin, AccessEcon, vol. 39(4), pages 2706-2710.
    3. Graciela Chichilnisky, 1996. "An axiomatic approach to sustainable development," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 13(2), pages 231-257, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Myopia; past-myopia; myopia in finite-dimensional spaces;
    All these keywords.

    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • D6 - Microeconomics - - Welfare Economics

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