A Utility Function for Time Streams Having Inter Period Dependencies

Bell DE (1975). A Utility Function for Time Streams Having Inter Period Dependencies. IIASA Research Report. IIASA, Laxenburg, Austria: RR-75-022

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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: Monograph (IIASA Research Report)
Research Programs: System and Decision Sciences - Core (SDS)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:41
Last Modified: 21 Jul 2016 14:50
URI: http://pure.iiasa.ac.at/238

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