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Discounted Incremental Utility Model of Intertemporal Choice
SSRN Electronic Journal, 2015A 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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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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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, 1983Abstract 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, 1997zbMATH 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), 2015In 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 +4 more
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Discounting in Cost-Utility Analysis of Healthcare Interventions
PharmacoEconomics, 2003Cost-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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Temporal discounting and utility for health and money.
Journal of Experimental Psychology: Learning, Memory, and Cognition, 1996In 3 experiments, choices for hypothetical amounts of future health and money showed that, contrary to normative discounted utility theory, the temporal discount rate, or annual percentage increase in value needed to offset a delay, differed for the 2 domains.
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Life‐Cycle Happiness in a Discounted Utility Model
Kyklos, 1997SUMMARYA discrete time, discounted utility model with a finite horizon is analyzed. Utility is separable and additive in the natural logarithms of the choice variables, consumption and leisure, and an exogenous ‘memory' series. Happiness is defined as the discounted value of the utility over the remaining lifespan.
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On the Generalized Expected Discounted Utility Model
SSRN Electronic Journal, 2021Luciano I. de Castro +3 more
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