Events that occur over a period of time can be described either as sequences of outcomes at discrete times or as functions of outcomes in an interval of time. This paper presents discounting models for events of the latter type. Conditions on preferences are shown to be satisfied if and only if...

A result of John Harsanyi concerns the aggregation of individuals' preferences into social preferences. The result states that if the individuals in a society and the society as a whole have preference relations that compare probability distributions on a set of outcomes, and the preference...