The main aim of this study is to describe temporal risk aversion impact on the present value. Here the case of continuous time is considered only. Some initial problem with differential equation is obtained as a result of these studies. Then the discounting function is given as the unique...

The main aim of this study is to describe temporal risk aversion impact on the present value. Here the case of discrete time is considered only. Some initial problem with differential equation is obtained as a result of these studies. Then the discounting function is given as the unique solution...

The main aim of this study is to describe risk aversion impact on present value. The term risk aversion and the loss risk aversion are considered in this work. Three different models of discounting functions are obtained as a result of these studies. The formal influence of behavioural factors...