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  5. Creating dynamic utility function of an investor in the problem of the real estate functional kind choice

Creating dynamic utility function of an investor in the problem of the real estate functional kind choice

M.V. Novozhilova, E.S. Bondarenko
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We propose a dynamic utility function of the investor as decision-maker in the property market, as a tool for evaluating alternatives possible functionality of the product development project. Structural identification of utility functions carried out using the axiomatic theory of choice under risk. Parametric identification based on the use of statistical information about the dynamics of the implementation of real estate assessments of alternatives functional zoning of the city, as well as methods and deterministic equivalent of the lottery.
Keywords: dynamic utility function, project development, optimization problem of an consumer