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The Development of a Theory of Rational Intertemporal Choice
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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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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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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Optimal Debt Ratio and Dividend Payment Policies for Insurers with Ambiguity
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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The Magnitude and “Peanuts” Effects: Searching Implications
The framework of this paper is the field of decision-making processes in which people face the choice between probabilistic and dated rewards. Traditionally, the preferences for probabilistic outcomes have been analyzed by the Expected Utility (EU) model
Salvador Cruz Rambaud +1 more
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Determination of the optimal premium of non-life insurance via the Stochastic Dynamic Programming method [PDF]
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.
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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The intertemporal choice behavior: the role of emotions in a multiagent decision problem
Traditional Discounted Utility Model assumes an exponential delay discount function, with a constant discount rate: this implies dynamic consistency and stationary intertemporal preferences.
Viviana Ventre
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The integration of photovoltaic and battery energy storage systems into utility grids is favorable for electricity customers, especially for high consumption load patterns due to the high electricity bill. To increase the annual bill savings and decrease
Ahmed Z. Gabr +2 more
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application/pdf; "February 14, 2008."; Testimony before the Kansas Legislature, Senate Utilities Committee, presented by David Springe, Consumer Counsel, Citizens' Utility Ratepayer Board.Testimony regarding Senate Bill 555.
Springe, David.
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