Results 151 to 160 of about 141,456 (190)

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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Life‐Cycle Happiness in a Discounted Utility Model

Kyklos, 1997
SUMMARYA 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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A Model of Intertemporal Choice with Rank-Dependent Discounted Utility

SSRN Electronic Journal, 2014
Intertemporal choice is intuitively analogous to choice under risk/uncertainty when outcomes are viewed as consequences received in an uncertain future. "Discounted incremental utility" (DIU) model of intertemporal choice parallels expected utility representation of risk preferences.
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Equilibrium analysis of the infinite horizon model with smooth discounted utility functions

Journal of Economic Dynamics and Control, 1997
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Explaining the anomalies of the exponential discounted utility model [PDF]

, 2007
In a major contribution, Loewenstein and Prelec (1992) (LP) set the foundations for the behavioral approach to decision making over time. We show that the LP theory is incompatible with two very useful classes of value functions: the HARA class and the constant loss aversion class.
Ali al-Nowaihi, Sanjit Dhami
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On optimal steady states of n-sector growth models when utility is discounted

Journal of Economic Theory, 1976
Abstract This paper contains results on local and global stability of n-sector growth models when utility is discounted mostly for small rates of discount. It is well known that when future utility is not discounted one can prove precise results about optimal steady states (OSS's) under fairly general assumptions. In particular, existence, uniqueness,
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Duality between discounted and undiscounted models of optimal growth for a class of utility functions

Economics Letters, 1994
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Some Results on the Uniqueness of Steady States in Multisector Models of Optimum Growth When Future Utilities are Discounted

International Economic Review, 1973
IT IS WELL KNOWN that in multisector models of optimal growth that optimal paths converge to a unique steady state when future utilities are not discounted. See Gale [8], McKenzie [18], and Brock [3] for results of this type. Then Sutherland [32], in the case when future utilities are discounted, produced examples of multiple steady states in Gale's [8]
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On the Generalized Expected Discounted Utility Model

SSRN Electronic Journal, 2021
Luciano I. de Castro, Antonio F. Galvao, Gabriel Montes-Rojas, Jose Olmo   +3 more
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Know Thyself: Self Awareness and Utility Misprediction in Discounting Models of Intertemporal Choice [PDF]

, 2008
This review critically discusses the theoretical models of discounting through a selection of papers. It will focus on the comparison between the two major models, namely discounted utility and hyperbolic discounting. This paper differs from previous surveys in the attention given to the interpretation of models and suggestions for future research ...
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