A Subjective Model of Temporal Preferences
linear hidden action preferences exhibiting a preference for late resolution of uncertainty. The costly contemplation model (Ergin and Sarver (2008a)), as well as a generalization of the Kreps and Porteus (1978) model that allows for preference for flexibility in the sense of DLR (2001) are also characterized.
|Date of creation:||2009|
|Date of revision:|
|Contact details of provider:|| Postal: Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA|
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