Results 11 to 20 of about 154,449 (307)
The Development of a Theory of Rational Intertemporal Choice
Papers, 2006 The aim of this article is to describe the evolution of a very dynamic theory: the theory of intertemporal choice. I present the first economic thinking on intertemporal decision-making, and expose how it resulted in Samuelson’s famous discounted utility
Germán Loewe
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Trichotomic discounted utility [PDF]
Theory and Decision, 2019 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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A UTILITY DEVIATION IN DISCOUNTED MARKOV DECISION PROCESSES WITH GENERAL UTILITY [PDF]
Bulletin of informatics and cybernetics, 1996 Summary: A utility treatment is studied in the framework of discounted Markov decision processes. We define a new index called a utility deviation related to the risk premium, which is characterized by an iterative formula. Examples are given in the quadratic and the exponential utility cases.
Kadota, Yoshinobu +2 more
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A new axiomatization of discounted expected utility
Theory and Decision, 2023 AbstractWe present a new axiomatization of the classical discounted expected utility model, which is primarily used as a decision model for consumption streams under risk. This new axiomatization characterizes discounted expected utility as a model that satisfies natural extensions of standard axioms as in the one-period case and two additional axioms.
Berenice Anne Neumann +1 more
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Energy Conversion and Management: X, 2023 Buildings, specifically large commercial buildings, are key contributors to the increasing electrical energy demand that is taxing the reliability of an ageing U.S. power grid.
Joseph Elio, Ryan J. Milcarek
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Optimal Debt Ratio and Dividend Payment Policies for Insurers with Ambiguity
Mathematics, 2023 This study considers the optimal debt ratio and dividend payment policies for an insurer concerned about model misspecification. We assume that the insurer can invest all of its asset to the financial market and the ambiguity may exist in the risky asset.
Dan Zhu, Cuixia Chen, Bing Liu
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Journal of Market Access & Health Policy, 2021 Background: Recent cost-utility analysis (CUA) models for onasemnogene abeparvovec (Zolgensma®, formerly AVXS-101) in spinal muscular atrophy type 1 (SMA1) differ on key assumptions and results.
Rebecca Dean +11 more
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Principled Utility Discounting Under Risk [PDF]
Moral Philosophy and Politics, 2019 AbstractUtility discounting in intertemporal economic modelling has been viewed as problematic, both for descriptive and normative reasons. However, positive utility discount rates can be defended normatively; in particular, it is rational for future utility to be discounted to take into account model-independent outcomes when decision-making under ...
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Determination of the optimal premium of non-life insurance via the Stochastic Dynamic Programming method [PDF]
مدیریت صنعتی, 2020 Objective: One of the most important issues facing insurance companies is the determination of fair premium. The purpose of this study is to design a mathematical model for calculating the optimal insurance premium by maximizing the total expected ...
Maryam Rostamian +3 more
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Private and social time preference for health outcomes: A general population survey in Iran.
PLoS ONE, 2019 Despite the recent increase in economic evaluations of health care programs in low and middle income countries, there is still a surprising gap in evidence on the appropriate discount rate and the discounting of health outcomes such as quality adjusted ...
Alireza Mahboub-Ahari +4 more
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