***CANCELED*** The non-dismal science of intergenerational affective interactions
Speaker
Aviad Heifetz
Date
28/03/2023 - 12:30 - 11:00Add To Calendar
2023-03-28 11:00:00
2023-03-28 12:30:00
***CANCELED*** The non-dismal science of intergenerational affective interactions
We prove that if each generation cares, non-paternalistically, about other generations' wellbeing rather than about their choices, and do not curb or otherwise alter future generations' choice sets, then backward induction intergenerational choice paths are efficient. This somewhat surprising result implies that intergenerational inefficiencies, to the extent that they do occur, are not due to different generations having different preferences, and prior generations trying to tip the scales in favor of their own tastes and values.
BIU Economics common room
אוניברסיטת בר-אילן - Department of Economics
Economics.Dept@mail.biu.ac.il
Asia/Jerusalem
public
Place
BIU Economics common room
Affiliation
The Open University
Abstract
We prove that if each generation cares, non-paternalistically, about other generations' wellbeing rather than about their choices, and do not curb or otherwise alter future generations' choice sets, then backward induction intergenerational choice paths are efficient. This somewhat surprising result implies that intergenerational inefficiencies, to the extent that they do occur, are not due to different generations having different preferences, and prior generations trying to tip the scales in favor of their own tastes and values.
Last Updated Date : 27/03/2023