Parametric Discounting Model of Utility

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/61384399:31150/15:00047250

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Parametric Discounting Model of Utility

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

Parametric Discounting Model of Utility

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Procedia Economics and Finance

ISBN

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ISSN

2212-5671

e-ISSN

—

Počet stran výsledku

12

Strana od-do

730-741

Název nakladatele

Elsevier Ltd

Místo vydání

Oxford

Místo konání akce

Řím

Datum konání akce

14. 4. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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