Results 231 to 240 of about 154,147 (272)

Discounted MDP’s: Distribution Functions and Exponential Utility Maximization

SIAM Journal on Control and Optimization, 1987
The present value of the rewards associated with a discrete-time Markov process has a probability distribution which depends on the initial state. The first part of the paper applies fixed point theory to a system of equations for the distribution functions of the present value.
Chung, Kun-Jen, Sobel, Matthew J.
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On the General Utility of Discounted Markov Decision Processes

International Transactions in Operational Research, 1998
We will discuss an expected utility of rewards which are generated by Markov decision processes. This is applied to the optimal stopping problem with a utility treatment. Also a combined model of the decision processes and the stopping problem, called a stopped Markov decision, is considered under the utility.
Kadota, Y., Kurano, M., Yasuda, M.
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Time Consistency and Utility Weighted Discount Rates

SSRN Electronic Journal, 2018
The discount rate is a tool used to measure the preference for immediate gratification or utility over delayed gratification. This paper considers the modified Merton problem of an economic agent maximizing his utility from consumption and final wealth when his discount rate is not constant.
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An additive-utility model of delay discounting.

Psychological Review, 2009
Goods remote in temporal, spatial, or social distance, or in likelihood, exert less control over our behavior than those more proximate. The decay of influence with distance, of perennial interest to behavioral economists, has had a renaissance in the study of delay discounting.
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Discounted Incremental Utility Model of Intertemporal Choice

SSRN Electronic Journal, 2015
A new model of intertemporal choice — "discounted incremental utility" (DIU) — is presented. DIU coincides with Samuelson’s discounted utility (constant/exponential discounting) when utility function is linear. DIU has several advantages over discounted utility (and its generalizations — quasi-hyperbolic and generalized hyperbolic discounting): a) time
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Valuing future private and social benefits: The discounted utility model versus hyperbolic discounting models

Journal of Economic Psychology, 2000
Abstract It is standard practice in economic evaluation and in any economic analysis of future events to assume the discounted utility model on the part of economic agents. This paper compares the discounted utility model with three hyperbolic discounting models with respect to private and social financial benefits.
John Cairns, Marjon van der Pol
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Turnpike Theory, Discounted Utility, and the von Neumann Facet

Journal of Economic Theory, 1983
Abstract The convergence of infinite optimal paths to stationary optimal paths is proved in models of capital accumulation whose discount factors ϱ are near 1, where strict concavity is not required for utility functions and production functions. The critical assumptions are unique support prices for points of the von Neumann facet, where ϱ is near 1,
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Discount-neutral utility models for denumerable time streams

Theory and Decision, 1997
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Fishburn, Peter, Edwards, Ward
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Mining high-utility itemsets with various discount strategies

2015 IEEE International Conference on Data Science and Advanced Analytics (DSAA), 2015
In recent years, mining high-utility itemsets (HUIs) has become as a key topic in data mining. However, most of the developed algorithms assume the unrealistic situations that unit profits of items remain unchanged over time. But in real-life situations, the profit of an item or itemset varies as a function of cost prices, sales prices and sales ...
Jerry Chun-Wei Lin, Wensheng Gan, Philippe Fournier-Viger, Tzung-Pei Hong, Vincent S. Tseng   +4 more
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Discounting in Cost-Utility Analysis of Healthcare Interventions

PharmacoEconomics, 2003
Cost-utility analysis (CUA) is a technique that can potentially be used as a guide to allocating healthcare resources so as to obtain the maximum health benefits possible under a given budget constraint. However, it is not clear that current practice captures societal preferences regarding health benefits.
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