Conditional Utility Independence and its Application to Time Streams

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/387 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/387 http://eprints.org/relation/isCoversheetVersionOf https://pure.iiasa.ac.at/id/document/387 archive 351 disk0/00/00/03/83 2016-01-15 01:42:20 2021-08-27 17:07:58 2016-01-15 01:42:20 monograph show 2 Bell D.E. AL0482 Conditional Utility Independence and its Application to Time Streams pub iis_das prog_sds The evaluation of time streams is traditionally performed by some form of discounting and even the more sophisticated approaches require some form of independence assumptions between consequences in adjacent periods. 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. 1975 published WP-75-045 WP-75-045 10 1722 public working_paper IIASA, Laxenburg, Austria 21 FALSE info:eu-repo/semantics/book