A utility function for time streams having interperiod dependencies

Bell DE (1979). A utility function for time streams having interperiod dependencies. Systems Research 24 (3): 208-213. DOI:10.1002/bs.3830240306.

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Abstract

Frequently, a decision maker's preferences for consequences in a given period will depend on the particular outcome in the previous and/or following period. This paper gives a simple functional form which enables such preferences to be explicitly included in a utility function for time streams.

Item Type: Article
Uncontrolled Keywords: Utility function for time streams; Time streams with interperiod dependencies; Evaluating uncertain outcomes; Decision making; Preference assessment
Research Programs: System and Decision Sciences - Core (SDS)
Bibliographic Reference: Systems Research; 24(3):208-213 (Published online 29 January 2007)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:45
Last Modified: 25 Feb 2016 09:08
URI: http://pure.iiasa.ac.at/1007

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