Tractable Valuations Under Uncertainty.

I put forward a concise and intuitive formula for the calculation of the valuation for a good in the presence of the expectation that further, related, goods will soon become available. This valuation is tractable in the sense that it does not require the explicit resolution of the consumer's life-time problem.

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Year of publication:	2014-09-10
Institutions:	School of Economics, University of Edinburgh
Subject:	distributed choice \| quasi-linear utility \| value for money

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Series:	ESE Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	7 pages long
Classification:	D01 - Microeconomic Behavior: Underlying Principles ; D03 - Behavioral Economics; Underlying Principles ; D11 - Consumer Economics: Theory ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010907878