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New submissions for Thu, 15 Mar 18

[1]  arXiv:1803.05244 [pdf, ps, other]
Title: Stochastic Dynamic Utilities and Inter-Temporal Preferences
Authors: Marco Maggis
Subjects: Probability (math.PR); Economics (q-fin.EC)

We propose an axiomatic approach which economically underpins the representation of dynamic preferences in terms of a stochastic utility function, sensitive to the information available to the decision maker. Our construction is recursive and based on inter-temporal preference relations, whose characterization is inpired by the original intuition given by Debreu's State Dependent Utilities (1960).

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