Results 221 to 230 of about 154,147 (272)

Choquet expected discounted utility

Economic Theory, 2022
This paper discusses stationarity in a context of decision along time and under uncertainty. First it discusses an axiom of strong stationarity that characterizes discounted expected utility and implies a form of uncertainty neutrality. Then, it employs a condition of comonotonicity to introduce an axiom of comonotonic stationarity that generalizes the
Lorenzo Bastianello, José Heleno Faro
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Discount Factors Ex Post and Ex Ante, and Discounted Utility Anomalies [PDF]

SSRN Electronic Journal, 2005
The real options approach is used to explain discounted utility anomalies as artifacts of the optimizing behavior of an individual with standard preferences, who perceives the utility from consumption in the future as uncertain. For this individual,waiting is valuable because uncertainty is revealed over time.
Svetlana Boyarchenko, Sergei Levendorskii   +1 more
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Time Management Problems and Discounted Utility

The Journal of Psychology, 2007
The lens of behavioral decision theory offers a new perspective for research on time management. The basic idea of this approach is that people discount future consequences of their time management decisions, meaning that they work on tasks with smaller but sooner outcomes rather than on tasks with larger but later outcomes.
König, Cornelius J, Kleinmann, Martin
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Satiation in Discounted Utility

Operations Research, 2007
In this paper, we propose a model of intertemporal choice that explicitly incorporates satiation due to previous consumption in the evaluation of the utility of current consumption. In the discounted utility (DU) model, the utility of consumption is evaluated afresh in each time period.
Manel Baucells, Rakesh K. Sarin
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A subjective Discounted Utility Model [PDF]

Economics Bulletin, 2012
Forthcoming
André Lapied, Olivier Renault
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Discounting When Income is Stochastic and Discounted Utility Anomalies

SSRN Electronic Journal, 2010
Several discounted utility anomalies are explained as rational choices of an agent with standard preferences and stochastic income. We define the term structure of absolute risk aversion and demonstrate that the gain-loss asymmetry is observed for small gains and losses and a general utility function if the term structure is non-decreasing.
Svetlana I. Boyarchenko, Sergei Z. Levendorskii   +1 more
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Expected Discounted Utility

SSRN Electronic Journal, 2019
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Random Discounted Expected Utilit

Review of Economics and Statistics
This paper introduces the random discounted expected utility (RDEU) model, which we have developed as a means to deal with heterogeneous risk and time preferences. The RDEU model provides an explicit linkage between preference and choice heterogeneity.
Apesteguia, Jose, Ballester, Miguel A., Gutiérrez-Daza, Ángelo   +2 more
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Discounted Utility and Present Value—A Close Relation

Operations Research, 2015
We introduce a new type of preference condition for intertemporal choice, which requires present values to be independent of various other variables. The new conditions are more concise and more transparent than traditional ones. They are directly related to applications because present values are widely used tools in intertemporal choice.
Bleichrodt, Han, Keskin, U (Umut), Rohde, Kirsten I.M., Spinu, Vitalie, Wakker, Peter   +4 more
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