Sentence examples for discounted utility from inspiring English sources

Landowners decide to cut trees based on the expected discounted utility of forested vs. harvested land.

Our analysis suggests techniques for eliciting dynamic reference points from choice behavior and obtaining discounted utility representations on endogenously generated auxiliary spaces.

We show that in the framework of the discounted utility model experienced regret lowered and experienced rejoicing increased the discount factor.

To design an implementable scheme, we require that each agent is guaranteed a minimum level of expected discounted utility, regardless of his past history.

The optimal control problem of R&D investment is formulated for a discounted utility function which correlates the amount of sales and production diversity.

Other deviations from the discounted utility model have also been demonstrated.

However there are other ways of discounting utility as the total goes up which may seem more intuitively plausible (see for example Hardin 1982; Gustason 1994; Jeffrey 1983).

The analysis focuses on how the social optimum is attained under the constraint of sustainability and reveals the following relationship between the optimal policies: not discounting utility in social planning corresponds to adopting the socially optimal carbon tax rate in a decentralized economy.

Households aim to maximize the current utility they obtain and the discounted future utility they could obtain when they make decisions.

A perfectly rational human being would anticipate future feelings and include discounted future utility in his calculations.

This relationship may also be understood through the theoretical perspective put forth by Hamermesh and Soss [2], who argue that an individual will commit suicide if their perceived happiness (discounted lifetime utility) falls below some threshold.