Intertemporal Individual Choices

  • PierCarlo Nicola
Chapter

Abstract

In this chapter let us consider again the individual optimization problem facing an agent, either a consumer or a firm,1 who/which must solve his/her/its decision problem in a dynamic framework. The aim is to study how individual decisions are taken over calendar time, here considered as a discrete variable. Of course, for everybody the future is more or less unknown, and unfolds only as time goes by; but, despite this unavoidable feature, generally, an individual does have some idea about the most likely scenario under which he/she/it must make a best decision.

Keywords

Income Rium 

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Copyright information

© Springer-Verlag Berlin Heidelberg 2000

Authors and Affiliations

  • PierCarlo Nicola
    • 1
  1. 1.Department of MathematicsUniversity of MilanoMilanoItaly

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