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Discussion Paper

Myopic Economic Agents

An economic agent is said to be weakly myopic if he prefers a time-contingent consumption plan x bar to a time-contingent consumption plan y bar, then he prefers x bar x to y bar augmented by any stationary consumption plan which begins sufficiently far in the future.
An economic agent is said to be monotonically myopic if when he prefers a state-contingent consumption plan x bar to a state-contingent consumption plan y bar, then he prefers any sufficiently large finite truncation of y bar.