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4. Choquet expected discounted utility

Type:	Artigo Científico
Title:	Choquet expected discounted utility
Author:	Faro, José Heleno Bastianello, Lorenzo
Publication Date:	2022
Abstract:	We study intertemporal decision making under uncertainty in a purely subjective framework. The concept of stationarity, introduced by Koopmans for deterministic discounted utility, is naturally extended to a framework with uncertainty and plays a central role for both attitudes towards time and uncertainty. We show that a strong stationarity axiom characterizes discounted expected utility. When considerations about correlations across time between uncertain outcomes are taken into account, a weaker stationarity axiom generalizes discounted expected utility to Choquet expected discounted utility, allowing for non-neutral attitudes towards subjective uncertainty.
Keywords (english terms):	ambiguity intertemporal choice (choquet) discounted expected utility stationarity serial correlation uncertainty aversion/seekking
Language:	Inglês
CNPq Area:	Ciências Sociais Aplicadas
URI:	https://link.springer.com/article/10.1007/s00199-022-01438-0
Copyright:	O INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DO USUÁRIO VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR.
Notes:	Texto completo
Appears in Collections:	Coleção de Artigos Científicos

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