论文标题
预期生长标准:公理化
Expected Growth Criterion: An Axiomatization
论文作者
论文摘要
我提供了必要和足够的条件,以使代理的偏好由唯一的厄运转换表示。换句话说,如果代理商试图最大限度地提高其财富的时间平均增长,那么他们的偏好必须遵守哪些公理?通过回答这一点,我为经济理论家提供了清楚的看法,即“千古经济学”与既定模型的偏离。
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.