About: Separable Utility Functions in Dynamic Economic Models

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	In this note we study properties of utility functions suitable for performance evaluation of dynamic economic models under uncertainty. At first, we summarize basic properties of utility functions, at second we show how exponential utility functions can be employed in dynamic models where not only expectation but also the risk are considered. Special attention is focused on properties of the expected utility and the corresponding certainty equivalents if the stream of obtained rewards is governed by Markov dependence and evaluated by exponential utility functions. In this note we study properties of utility functions suitable for performance evaluation of dynamic economic models under uncertainty. At first, we summarize basic properties of utility functions, at second we show how exponential utility functions can be employed in dynamic models where not only expectation but also the risk are considered. Special attention is focused on properties of the expected utility and the corresponding certainty equivalents if the stream of obtained rewards is governed by Markov dependence and evaluated by exponential utility functions. (en)
Title	Separable Utility Functions in Dynamic Economic Models Separable Utility Functions in Dynamic Economic Models (en)
skos:prefLabel	Separable Utility Functions in Dynamic Economic Models Separable Utility Functions in Dynamic Economic Models (en)
skos:notation	RIV/67985556:_____/11:00369897!RIV12-AV0-67985556
http://linked.open...avai/predkladatel	Ústav teorie informace a automatizace AV ČR, v. v. i.
http://linked.open...avai/riv/aktivita	P Z
http://linked.open...avai/riv/aktivity	P(GAP402/10/0956), P(GAP402/10/1610), P(GAP402/11/0150), Z(AV0Z10750506)
http://linked.open...vai/riv/dodaniDat	2012
http://linked.open...aciTvurceVysledku	Sladký, Karel
http://linked.open.../riv/druhVysledku	D - Článek ve sborníku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Ústav teorie informace a automatizace AV ČR, v. v. i.
http://linked.open...dnocenehoVysledku	228892
http://linked.open...ai/riv/idVysledku	RIV/67985556:_____/11:00369897
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	utiliy functions; decision under uncertainty; dynamic economic models (en)
http://linked.open.../riv/klicoveSlovo	dynamic economic models decision under uncertainty utiliy functions
http://linked.open...ontrolniKodProRIV	[B1BB31D59CA6]
http://linked.open...v/mistoKonaniAkce	Janská Dolina
http://linked.open...i/riv/mistoVydani	Praha
http://linked.open...i/riv/nazevZdroje	Proceedings of the 29th International Conference Mathematical Methods in Economics
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...vavai/riv/projekt	Rational Decision Making at Markets with Asynchronous Trading: Theory and Emprical Evidence The Interplay of Theory and Applications in Stochastic Decision Problems Stochastic Economic Models under Uncertainty: Development over Time and Optimization
http://linked.open...UplatneniVysledku	2011
http://linked.open...iv/tvurceVysledku	Sladký, Karel
http://linked.open...vavai/riv/typAkce	EUR - Evropská
http://linked.open.../riv/zahajeniAkce	2011-08-06 (xsd:date)
http://linked.open...n/vavai/riv/zamer	Pokročilé matematické metody získávání, zpracování a využití informací a znalostí ve složitých a nedeterministických systémech
number of pages	6 (xsd:int)
http://purl.org/ne...btex#hasPublisher	University of Economics, Prague, Faculty of Informatics and Statistics
https://schema.org/isbn	978-80-7431-058-4
is http://linked.open...avai/riv/vysledek of	Separable Utility Functions in Dynamic Economic Models Separable Utility Functions in Dynamic Economic Models

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