Indeterminate equation - Revision history

en>Omnipaedista: per MOS:DASH

2014-12-28T21:02:17Z

← Older revision		Revision as of 23:02, 28 December 2014
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	~~{{unreferenced\|date=November 2007}}~~		I would like to introduce myself to you, I am Andrew and my spouse doesn't like it at all. Ohio is exactly where his house is and his family enjoys it. The preferred pastime for him and his children is style and he'll be starting some thing else along with it. I am currently a journey agent.<br><br>Here is my blog - psychic readings - [http://myoceancounty.net/groups/apply-these-guidelines-when-gardening-and-grow/ the full report] -

	~~In [[economics]] '''exponential discounting''~~' is ~~a specific form of the [[discount function]], used in the analysis of [[Intertemporal choice\|choice over time]] (with or without [[uncertainty]])~~. ~~Formally, exponential discounting occurs when total [[utility]]~~ is ~~given by~~

	~~:<math>U(\{c_t\}_{t=t_1}^{t_2})=\sum_{t=t_1}^{t_2}\delta^{t-t_1}(u(c_t)),</math>~~

	~~where ''c'~~'<~~sub~~>~~''t''~~<~~/sub~~> is [~~[Consumption (economics)\|consumption]] at time ''t'', <math>\delta<~~/~~math> is the exponential [[discount factor]], and ''u'' is the [[instantaneous utility function]]~~.

	~~In [[continuous time]], exponential discounting is given by~~

	~~:<math>U(\{c(t)\}_{t=t_1}^{t_2})=\int_{t_1}^{t_2} e^{~~-~~\rho (t~~-~~t_1)}u(c(t))\,dt,<~~/~~math>~~

	~~Exponential discounting implies that~~ the ~~[[marginal rate of substitution]] between consumption at any pair of points in time depends only on how far apart those two points are. Exponential discounting is not [[dynamically inconsistent]].~~

	~~For its simplicity, the exponential discounting assumption is the most commonly used in economics. However, alternatives like [[hyperbolic discounting]] have more empirical support.~~

	~~==See also==~~
	*[[temporal discounting]]
	*[[hyperbolic discounting]]
	*[[intertemporal choice]]

	~~[[Category:Intertemporal economics]~~]

en>Duoduoduo: tweak

2013-07-03T16:59:36Z

tweak

← Older revision		Revision as of 18:59, 3 July 2013
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	~~Andrew Simcox~~ is the ~~title his mothers and fathers gave him and he completely loves this title~~. ~~To play lacross~~ is the factor ~~I adore most of all~~. ~~Office supervising~~ is ~~what she does for a residing. Her family life in Ohio.~~<br><br>~~Also visit my blog~~ [~~http://m-card~~.co.~~kr/xe/mcard_2013_promote01/29877 online psychics~~]		{{unreferenced\|date=November 2007}}

			In [[economics]] '''exponential discounting''' is a specific form of the [[discount function]], used in the analysis of [[Intertemporal choice\|choice over time]] (with or without [[uncertainty]]). Formally, exponential discounting occurs when total [[utility]] is given by

			:<math>U(\{c_t\}_{t=t_1}^{t_2})=\sum_{t=t_1}^{t_2}\delta^{t-t_1}(u(c_t)),</math>

			where ''c''<sub>''t''</sub> is [[Consumption (economics)\|consumption]] at time ''t'', <math>\delta</math> is the exponential [[discount factor]], and ''u'' is the [[instantaneous utility function]].

			In [[continuous time]], exponential discounting is given by

			:<math>U(\{c(t)\}_{t=t_1}^{t_2})=\int_{t_1}^{t_2} e^{-\rho (t-t_1)}u(c(t))\,dt,</math>

			Exponential discounting implies that the [[marginal rate of substitution]] between consumption at any pair of points in time depends only on how far apart those two points are. Exponential discounting is not [[dynamically inconsistent]].

			For its simplicity, the exponential discounting assumption is the most commonly used in economics. However, alternatives like [[hyperbolic discounting]] have more empirical support.

			==See also==
			*[[temporal discounting]]
			*[[hyperbolic discounting]]
			*[[intertemporal choice]]

			[[Category:Intertemporal economics]]

117.240.114.131: /* References */

2012-08-30T11:11:46Z

References

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Andrew Simcox is the title his mothers and fathers gave him and he completely loves this title. To play lacross is the factor I adore most of all. Office supervising is what she does for a residing. Her family life in Ohio.<br><br>Also visit my blog [http://m-card.co.kr/xe/mcard_2013_promote01/29877 online psychics]