STATIONARY UTILITY AND TIME PREFERENCE

Abstract

the concept of stationary utility and time performance was studied. Results show that, in any given quasi-cardinal scale, among all program pairs subjected to a postponement, equality of utility differences before and after postponement can only be in some sense an exceptional case, whereas shrinkage of the utility difference occurs in some average sense.

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Document Details

Document Type
Technical Report
Publication Date
Aug 02, 1962
Accession Number
AD0282061

Entities

People

  • Peter A. Diamond
  • Richard E. Williamson
  • Tjalling C. Koopmans

Organizations

  • Yale University

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DTIC Thesaurus Topics

  • Commodities
  • Construction
  • Continuity
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  • Government Procurement
  • Governments
  • Inequalities
  • Intervals
  • Materials
  • Measure Theory
  • Military Research
  • Notation
  • Personality
  • Reasoning
  • Sequences
  • Stationary
  • Topology

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  • Mathematical Modeling and Probability Theory.
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