Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/188900 
Year of Publication: 
2017
Series/Report no.: 
Queen's Economics Department Working Paper No. 1388
Publisher: 
Queen's University, Department of Economics, Kingston (Ontario)
Abstract: 
This paper presents an intertemporal model of growing awareness. It provides a framework for analyzing problems with long time horizons in the presence of growing awareness and awareness of unawareness. The framework generalizes both the standard event-tree framework and the framework from Karni and Viero (2017) of awareness of unawareness. Axioms and a representation are provided along with a recursive formulation of intertemporal utility. This allows for tractable and consistent analysis of intertemporal problems with unawareness.
Subjects: 
Awareness
Unawareness
Intertemporal Utility
Recursive Utility
Reverse Bayesianism
JEL: 
D8
D81
D83
D9
Document Type: 
Working Paper

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