Expected Growth Criterion: An Axiomatization

• Tác giả: Joshua Lawson
• Ngôn ngữ: eng
• Ký hiệu phân loại: 591.134 Specific topics in natural history of animals
• Thông tin xuất bản: 2022
• Bộ sưu tập: Báo, Tạp chí
• ID: 196245

Tóm tắt

I provide necessary and sufficient conditions for an agent's preferences to be represented by a unique ergodic transformation. Put differently, if an agent seeks to maximize the time average growth of their wealth, what axioms must their preferences obey? By answering this, I provide economic theorists a clear view of where "Ergodicity Economics" deviates from established models.