An Elaborate Axiomatization of Discounting
Jean-Pierre Drugeon  1@  , Thai Ha-Huy  2@  
1 : Paris School of Economics / Centre National de la Recherche Scientifique  (PSE / CNRS)
PARIS SCHOOL OF ECONOMICS, CNRS : UMR8145
2 : University of Evry
University of Evry

The paper considers a axiomatization problem in decision theory that is reformulated in order to encompass the specificies of inter-temporal setups and infinite dimensional spaces, convexity axioms being parallely relaxed. This article is more specifically interested in building a multiple priors approach that wouldn't revolve around around the set of the states of the world in an uncertain environment but rather, and in a deterministic environment, upon the set of dates, or time, and a sequence of discount rates. This is completed without any convexity requirements of the pre-order and with a careful account of purely finitely additive measures and of the myopic properties of the representation.


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