We study future-blind preferences, which are preferences that heavily discount the future, within the space of infinite consumption streams. We give two definitions: N-blindness, where agents ignore periods beyond a fixed date N, and eventual blindness, where all but finitely many dates are neglected. Using a topological approach, we show that the finest topology ensuring eventual blindness coincides with the product topology. This provides a behavioral foundation for continuity in the product topology, which was considered for studying equilibrium existence in infinite-dimensional spaces. Finally, we characterize the dual spaces under these topologies.

Future-blindness and the product topology

Bastianello, Lorenzo
;
2026

Abstract

We study future-blind preferences, which are preferences that heavily discount the future, within the space of infinite consumption streams. We give two definitions: N-blindness, where agents ignore periods beyond a fixed date N, and eventual blindness, where all but finitely many dates are neglected. Using a topological approach, we show that the finest topology ensuring eventual blindness coincides with the product topology. This provides a behavioral foundation for continuity in the product topology, which was considered for studying equilibrium existence in infinite-dimensional spaces. Finally, we characterize the dual spaces under these topologies.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10278/5126487
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