lifetime_utility_function: Model of time consistent preferences utility function

In AlexB4891/phenomenology: What the Package Does (One Line, Title Case)

Model of time consistent preferences utility function

Description

Model of time consistent preferences utility function

Usage

lifetime_utility_function(c_t, c_t_1, start, periods, beta, delta)

Arguments

c_t	Value of the consumption today
c_t_1	Value of the future consumption
start	Equals to 0 if the consumption begin today, any other value means that the consumption starts in the future
periods	Number of periods in the future that we want to discount exponentially
beta	Discount rate relative to today
delta	Discount rate fo eah period in the future

Value

Present value of utility after discounting the future utility in today terms

AlexB4891/phenomenology documentation built on March 29, 2022, 8:56 p.m.