Building upon the works of Gilboa (1989), Shalev (1997) and De Waegenaere andWakker (2001), we show that a simple version of variation aversion, jointly witha myopia axiom allows to derive in an infinite setting a meaningful expressionfor evaluating income streams. Furthermore, we prove that...

Our aim is to give an axiomatization of preferences over infinite consumptionstreams. At first we adopt the additive case, and give a characterization of pref-erences which satisfy patience (Marinacci (1998)) or equivalently what Diamond(1965) named equal treatment of all generations. We then...