Epstein, Larry G. - University of Rochester - Center for Economic Research … - 2007
demand for commitment. Indeed, our
central axioms and the principal content of our model concern only preference
restricted … time 0 ranking of random menus. Second, note that the demand
for commitment expressed in Expected Stationarity could be due … for commitment when the prospects involved are de-
terministic; in other words, it should be that del and imm agree on Z …