Parametric Discounting Model of Utility

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21110%2F15%3A00241973" target="_blank" >RIV/68407700:21110/15:00241973 - isvavai.cz</a>
Alternative codes found
RIV/61384399:31150/15:00047250
Result on the web
<a href="http://www.sciencedirect.com/science/article/pii/S2212567115013222" target="_blank" >http://www.sciencedirect.com/science/article/pii/S2212567115013222</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/S2212-5671(15)01322-2" target="_blank" >10.1016/S2212-5671(15)01322-2</a>

Result language
angličtina
Original language name
Parametric Discounting Model of Utility
Original language description
The author derives a new concept of the model of the subject discounting of utility function or consumption on a theoretical basis. He surveys the formation and evolution of models for calculating the subjective discount factor (?). This paper focuses onthe exponential and hyperbolic discounting utility model, which is among the current mainstream for its simplicity. The author builds on these models, as well as alternative models generated by the critics of the two oldest models of discounting. The aim of this paper is to find a model that extends the generalized hyperbolic model parameters representing the effect of uncertainties of the environment in the intertemporal decision-making. The original generalised hyperbolic model was extended with thesubjective probability of the negative environment with its negative effect on current consumption and the positive effect on future consumption of the agents or vice versa. The paper presents a link between the neoclassical and hedonic a
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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