Past-myopic economic agents

In this paper, the idea of myopic preference and myopic topology provided by Brown and Lewis is further explored. In this sense, new definitions of myopia are introduced for finite spaces. The main contribution of the work is the inclusion of the past in the models. We have defined the notions of past-myopic preference and topology for sequence spaces and n-dimensional spaces. Adding this new dimension makes it possible to work with decision spaces where the economic agent only has information about past events and when she has to choose accordingly to it, which is in line with the reality of certain economic situations, such as voting or finances. This approach generates a wide room for future research lines related to the idea of myopia. Based on this, it would allow to study in forthcoming research past-hyperopic topologies and preferences, and to interconnect different preferences, defined on the past and future models.

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Publication Details

Journal
Academica-e (Universidad Pública de Navarra)
Published
2025-03-30
Primary Topic
Economic theories and models
Type
article
Field-Weighted Citation Impact
0.00

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article

Past-myopic economic agents

Ana Munárriz Iriarte, Esteban Induráin Eraso, María Jesús Campión Arrastia
Academica-e (Universidad Pública de Navarra)
Economic theories and models
article

Past-myopic economic agents

Ana Munárriz Iriarte, Esteban Induráin Eraso, María Jesús Campión Arrastia
article en

Abstract

In this paper, the idea of myopic preference and myopic topology provided by Brown and Lewis is further explored. In this sense, new definitions of myopia are introduced for finite spaces. The main contribution of the work is the inclusion of the past in the models. We have defined the notions of past-myopic preference and topology for sequence spaces and n-dimensional spaces. Adding this new dimension makes it possible to work with decision spaces where the economic agent only has information about past events and when she has to choose accordingly to it, which is in line with the reality of certain economic situations, such as voting or finances. This approach generates a wide room for future research lines related to the idea of myopia. Based on this, it would allow to study in forthcoming research past-hyperopic topologies and preferences, and to interconnect different preferences, defined on the past and future models.

Academica-e (Universidad Pública de Navarra)
European Regional Development Fund, Agencia Estatal de Investigación
Reduced inequalities
Openalex Percentile: Top 11%
Economic theories and models
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