Integral-Value Models for Outcomes over Continuous Time

Research output: Working paper › Research

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

Department of Economics, University of Copenhagen, 2007.

Research output: Working paper › Research

Harvard

Harvey, CM & Østerdal, LP 2007 'Integral-Value Models for Outcomes over Continuous Time' Department of Economics, University of Copenhagen.

APA

Harvey, C. M., & Østerdal, L. P. (2007). Integral-Value Models for Outcomes over Continuous Time. Department of Economics, University of Copenhagen.

Vancouver

Harvey CM, Østerdal LP. Integral-Value Models for Outcomes over Continuous Time. Department of Economics, University of Copenhagen. 2007.

Author

Harvey, Charles M. ; Østerdal, Lars Peter. / Integral-Value Models for Outcomes over Continuous Time. Department of Economics, University of Copenhagen, 2007.

Bibtex

@techreport{61bdc9801b2511dcbee902004c4f4f50,
title = "Integral-Value Models for Outcomes over Continuous Time",
abstract = "Models of preferences between outcomes over continuous time are important for individual, corporate, and social decision making, e.g., medical treatment, infrastructure development, and environmental regulation. This paper presents a foundation for such models. It shows that conditions on preferences between real- or vector-valued outcomes over continuous time are satisfied if and only if the preferences are represented by a value function having an integral form",
keywords = "Faculty of Social Sciences, discounting, ordinal utility scale, value function, integral",
author = "Harvey, {Charles M.} and {\O}sterdal, {Lars Peter}",
note = "JEL Classification: D11, H43, I18",
year = "2007",
language = "English",
publisher = "Department of Economics, University of Copenhagen",
address = "Denmark",
type = "WorkingPaper",
institution = "Department of Economics, University of Copenhagen",

}

RIS

TY - UNPB

T1 - Integral-Value Models for Outcomes over Continuous Time

AU - Harvey, Charles M.

AU - Østerdal, Lars Peter

N1 - JEL Classification: D11, H43, I18

PY - 2007

Y1 - 2007

N2 - Models of preferences between outcomes over continuous time are important for individual, corporate, and social decision making, e.g., medical treatment, infrastructure development, and environmental regulation. This paper presents a foundation for such models. It shows that conditions on preferences between real- or vector-valued outcomes over continuous time are satisfied if and only if the preferences are represented by a value function having an integral form

AB - Models of preferences between outcomes over continuous time are important for individual, corporate, and social decision making, e.g., medical treatment, infrastructure development, and environmental regulation. This paper presents a foundation for such models. It shows that conditions on preferences between real- or vector-valued outcomes over continuous time are satisfied if and only if the preferences are represented by a value function having an integral form

KW - Faculty of Social Sciences

KW - discounting

KW - ordinal utility scale

KW - value function

KW - integral

M3 - Working paper

BT - Integral-Value Models for Outcomes over Continuous Time

PB - Department of Economics, University of Copenhagen

ER -

ID: 672549