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dc.contributor.authorCruz Rambaud, Salvador
dc.contributor.authorSánchez Pérez, Ana María
dc.date.accessioned2020-04-28T08:07:13Z
dc.date.available2020-04-28T08:07:13Z
dc.date.issued2020-04-15
dc.identifier.issn2227-7390
dc.identifier.urihttp://hdl.handle.net/10835/8100
dc.description.abstractThis paper shows the interaction between probabilistic and delayed rewards. In decision- making processes, the Expected Utility (EU) model has been employed to assess risky choices whereas the Discounted Utility (DU) model has been applied to intertemporal choices. Despite both models being different, they are based on the same theoretical principle: the rewards are assessed by taking into account the sum of their utilities and some similar anomalies have been revealed in both models. The aim of this paper is to characterize and consider particular cases of the Time Trade-Off (PPT) model and show that they correspond to the EU and DU models. Additionally, we will try to build a PTT model starting from a discounted and an expected utility model able to overcome the limitations pointed out by Baucells and Heukamp.es_ES
dc.language.isoenes_ES
dc.publisherMDPIes_ES
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internacional*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectriskes_ES
dc.subjectdelayes_ES
dc.subjectdecision-making processes_ES
dc.subjectprobabilityes_ES
dc.subjectdiscountes_ES
dc.titleDiscounted and Expected Utility from the Probability and Time Trade-Off Modeles_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.relation.publisherversionhttps://www.mdpi.com/2227-7390/8/4/601es_ES
dc.rights.accessRightsinfo:eu-repo/semantics/openAccesses_ES


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Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internacional