A utility function for time streams having interperiod dependencies

(1979). A utility function for time streams having interperiod dependencies. Behavioral Science 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
Depositing User: Romeo Molina
Date Deposited: 01 Dec 2016 11:09
Last Modified: 01 Dec 2016 11:12
URI: http://pure.iiasa.ac.at/14045

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