lecture 7 Flashcards

1
Q

How do you calculate the future value?

A
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2
Q

What about the discounted value?

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3
Q

What does the discount factor rapresent?

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4
Q

How can you represent different discounted utilities?

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5
Q

What do we mean by time consistency? how does it relate to rationality?

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6
Q

How can you rapresent time consistency?

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