0369897 20240111140806.920120120235959.9 000309074600104 6 s. CD Rom cav_un_epca*0369896978-80-7431-058-4Part II629-634PrahaUniversity of Economics, Prague, Faculty of Informatics and Statistics2011DlouhýMartinSkočdopolováVeronika utiliy functions decision under uncertainty dynamic economic models cav_un_auth*0101196 Sladký Karel Ekonometrie Department of Econometrics E E UTIA-B Department of Econometrics Ústav teorie informace a automatizace AV ČR, v. v. i. textový soubor http://library.utia.cas.cz/separaty/2011/E/sladky-separable utility functions in dynamic economic models.pdf 23 MBytes GAP402/11/0150 GA ČR cav_un_auth*0273629 GAP402/10/0956 GA ČR cav_un_auth*0263482 GAP402/10/1610 GA ČR cav_un_auth*0263483 CEZ:AV0Z10750506 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. cav_un_auth*0277639 29 mezinárodní konference matematické metody v ekonomii 2011 Janská Dolina 06.08.2011-09.08.2011 SK 2012 AH 1 http://hdl.handle.net/11104/0203855 2011 000309074600104 WOS textový soubor 23 MBytes cav_un_epca*0369896 Proceedings of the 29th International Conference Mathematical Methods in Economics Part II 978-80-7431-058-4 629 634 Proceedings of the 29th International Conference Mathematical Methods in Economics Praha University of Economics, Prague, Faculty of Informatics and Statistics 2011 Dlouhý Martin 340 Skočdopolová Veronika 340