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  1. Manel Baucells & Rakesh K. Sarin (2007). Evaluating Time Streams of Income: Discounting What? [REVIEW] Theory and Decision 63 (2):95-120.
    For decisions whose consequences accrue over time, there are several possible techniques to compute total utility. One is to discount utilities of future consequences at some appropriate rate. The second is to discount per-period certainty equivalents. And the third is to compute net present values (NPVs) of various possible streams and to then apply the utility function to these net present values. We find that the best approach is to first compute NPVs of various possible income streams and then take (...)
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  2. Clare Chua Chow & Rakesh K. Sarin (2002). Known, Unknown, and Unknowable Uncertainties. Theory and Decision 52 (2):127-138.
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  3. Clare Chua Chow & Rakesh K. Sarin (2002). Known, Unknown, and Unknowable Uncertainties. Theory and Decision 52 (2):127-138.
    In normative decision theory, the weight of an uncertain event in a decision is governed solely by the probability of the event. A large body of empirical research suggests that a single notion of probability does not accurately capture peoples' reactions to uncertainty. As early as the 1920s, Knight made the distinction between cases where probabilities are known and where probabilities are unknown. We distinguish another case –- the unknowable uncertainty –- where the missing information is unavailable to all. We (...)
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  4. Rakesh K. Sarin (1987). Some Extensions of Luce's Measures of Risk. Theory and Decision 22 (2):125-141.
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