Stochastic Optimal Growth Model with S-Shaped Utility Function.
Sergei V. MironovAlexey FaizlievSergei P. SidorovAlexandre GudkovPublished in: DOOR (Supplement) (2016)
Keyphrases
- utility function
- growth model
- utility maximization
- optimization criterion
- decision makers
- risk neutral
- multi attribute
- minimax regret
- decision problems
- decision theory
- risk aversion
- expected utility
- preference elicitation
- risk averse
- makes sense
- optimal strategy
- cobb douglas
- preference ordering
- state dependent
- probability distribution
- dynamic programming
- sample path
- optimal control
- optimal solution