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We propose a novel utility representation for preferences over risky timed outcomes. The weighted temporal utility model generalizes many well known utility functions for intertemporal decision making under risk. A decision maker with a weighted temporal utility function can have time consistent...
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In this paper, which is a continuation of a previous discrete time paper, we develop a theory for continuous time … determination for the equilibrium strategy as well as the equilibrium value function. As applications of the general theory we study … non exponential discounting, various types of mean variance problems, a point process example, as well as a time …
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This study investigates the dynamics of a stochastic hyperbolic discounting model in a continuous-time framework to …
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