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Time preference, the discounted utility model and health [PDF]
Journal of Health Economics, 1996 The constant rate discounted utility model is commonly used to represent intertemporal preferences in health care program evaluations. This paper examines the appropriateness of this model, and argues that the model fails both normatively and ...
Bleichrodt, H. (Han), Gafni, A. (Amiram)
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Discount models in intertemporal choice: an empirical analysis [PDF]
European Journal of Management and Business Economics, 2021 Purpose – The main purpose of this paper is to determine the discount function which better fits the individuals' preferences through the empirical analysis of the different functions used in the field of intertemporal choice. Design/methodology/approach
Isabel María Parra Oller +2 more
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New paradoxes in intertemporal choice [PDF]
Judgment and Decision Making, 2011 Similar to research on risky choice, the traditional analysis of intertemporal choice takes the view that an individual behaves so as to maximize the discounted sum of all future utilities.
Li-Lin Rao, Shu Li
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Asymptotic Expected Utility of Dividend Payments in a Classical Collective Risk Process
Risks, 2023 We find the asymptotics of the value function maximizing the expected utility of discounted dividend payments of an insurance company whose reserves are modeled as a classical Cramér risk process, with exponentially distributed claims, when the initial ...
Sebastian Baran +2 more
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Pain now or later: an outgrowth account of pain-minimization. [PDF]
PLoS ONE, 2015 The preference for immediate negative events contradicts the minimizing loss principle given that the value of a delayed negative event is discounted by the amount of time it is delayed.
Hong-Yue Sun +6 more
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Measuring Discounting without Measuring Utility [PDF]
American Economic Review, 2016 We introduce a new method to measure the temporal discounting of money. Unlike preceding methods, our method requires neither knowledge nor measurement of utility. It is easier to implement, clearer to subjects, and requires fewer measurements than existing methods. (JEL C91, D11, D12, D91)
Attema, Arthur E. +4 more
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Discounted and Expected Utility from the Probability and Time Trade-Off Model
Mathematics, 2020 This paper shows the interaction between probabilistic and delayed rewards. In decision- making processes, the Expected Utility (EU) model has been employed to assess risky choices whereas the Discounted Utility (DU) model has been applied to ...
Salvador Cruz Rambaud +1 more
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Will That Color Bring Me Good Luck? The Effect of Package Color Saturation of Probabilistic Goods on Consumers’ Purchase Intention [PDF]
E3S Web of Conferences, 2023 Probabilistic goods are unique products or services that consumers obtain from sellers at a discounted price for any one of different goods. They are also common in everyday life, such as blind boxes and lucky bags.
Li Shan +3 more
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Cost-utility analysis of using paliperidone palmitate in schizophrenia in China
Frontiers in Pharmacology, 2023 Objective: Long-acting injections (LAIs) of paliperidone palmitate have been shown to improve medication adherence and relieve psychotic symptoms. However, the specific cost-utility analysis of these LAIs in schizophrenia in China remains unclear.Methods:
Rui Luo, He Lu, Hengfen Li
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Optimal Investment-Consumption Strategy of Household Based on CEV Model
Discrete Dynamics in Nature and Society, 2022 To maintain and increase household wealth, this study studies the optimal allocation ratio of household investment and consumption. When considering venture capital, it is assumed that the theoretical price of risky asset obeys the CEV model.
Aiyin Wang +4 more
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