***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