Discounting Models for Outcomes over Continuous Time

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Discounting Models for Outcomes over Continuous Time. / Harvey, Charles M. ; Østerdal, Lars Peter.

Department of Economics, University of Copenhagen, 2011.

Research output: Working paper › Research

Harvard

Harvey, CM & Østerdal, LP 2011 'Discounting Models for Outcomes over Continuous Time' Department of Economics, University of Copenhagen.

APA

Harvey, C. M., & Østerdal, L. P. (2011). Discounting Models for Outcomes over Continuous Time. Department of Economics, University of Copenhagen. University of Copenhagen. Institute of Economics. Discussion Papers (Online) Vol. 2011 No. 12

Vancouver

Harvey CM, Østerdal LP. Discounting Models for Outcomes over Continuous Time. Department of Economics, University of Copenhagen. 2011 Apr.

Author

Harvey, Charles M. ; Østerdal, Lars Peter. / Discounting Models for Outcomes over Continuous Time. Department of Economics, University of Copenhagen, 2011. (University of Copenhagen. Institute of Economics. Discussion Papers (Online); No. 12, Vol. 2011).

Bibtex

@techreport{9c29fc90076a4e4aa1c1590415b14ae0,
title = "Discounting Models for Outcomes over Continuous Time",
abstract = "Events that occur over a period of time can be described either as sequences of outcomes at discrete times or as functions of outcomes in an interval of time. This paper presents discounting models for events of the latter type. Conditions on preferences are shown to be satisfied if and only if the preferences are represented by a function that is an integral of a discounting function times a scale defined on outcomes at instants of time.",
keywords = "Faculty of Social Sciences, integral discounting, integral value or utility function",
author = "Harvey, {Charles M.} and {\O}sterdal, {Lars Peter}",
year = "2011",
month = apr,
language = "English",
series = "University of Copenhagen. Institute of Economics. Discussion Papers (Online)",
number = "12",
publisher = "Department of Economics, University of Copenhagen",
address = "Denmark",
type = "WorkingPaper",
institution = "Department of Economics, University of Copenhagen",

}

RIS

TY - UNPB

T1 - Discounting Models for Outcomes over Continuous Time

AU - Harvey, Charles M.

AU - Østerdal, Lars Peter

PY - 2011/4

Y1 - 2011/4

N2 - Events that occur over a period of time can be described either as sequences of outcomes at discrete times or as functions of outcomes in an interval of time. This paper presents discounting models for events of the latter type. Conditions on preferences are shown to be satisfied if and only if the preferences are represented by a function that is an integral of a discounting function times a scale defined on outcomes at instants of time.

AB - Events that occur over a period of time can be described either as sequences of outcomes at discrete times or as functions of outcomes in an interval of time. This paper presents discounting models for events of the latter type. Conditions on preferences are shown to be satisfied if and only if the preferences are represented by a function that is an integral of a discounting function times a scale defined on outcomes at instants of time.

KW - Faculty of Social Sciences

KW - integral discounting

KW - integral value or utility function

M3 - Working paper

T3 - University of Copenhagen. Institute of Economics. Discussion Papers (Online)

BT - Discounting Models for Outcomes over Continuous Time

PB - Department of Economics, University of Copenhagen

ER -

ID: 33247128