Results 261 to 270 of about 154,449 (307)

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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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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