Evaluating time streams of income: Discounting what? (Q2425826)

From MaRDI portal
Revision as of 10:14, 4 August 2023 by Importer (talk | contribs) (‎Created a new Item)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
scientific article
Language Label Description Also known as
English
Evaluating time streams of income: Discounting what?
scientific article

    Statements

    Evaluating time streams of income: Discounting what? (English)
    0 references
    0 references
    0 references
    7 May 2008
    0 references
    The authors consider the problem where the consequences of a decision accrue over time, are uncertain an income stream as an element of decision. This work consists of seven sections, the first one containing verbal statement, a short survey of existing approaches and detailed survey of each section content. Section 2 presents an example, showing that different technologies used for problem solving are resulting in different valuations for the same project. Section 3 examines the normative appropriateness of the discounted utility model to evaluate income streams whereas an alternative model that discounts the pre-period certainty equivalents is presented in Section 4. In Section 5 are studied some properties resulting utility of discount payoffs. Section 6 reflects detailed study of indirect utility and Section 7 -- conclusions. List of references includes 15 works.
    0 references
    0 references
    discounted utility
    0 references
    indirect utility of income
    0 references
    time preference
    0 references
    time horizon
    0 references
    time period
    0 references
    risk tolerance
    0 references
    risk aversion
    0 references
    strategy
    0 references
    net present value
    0 references

    Identifiers