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Utility function
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For research team engagement
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James LowJames HighJames best guess
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η121.59
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Annual increase in consumption0.50%6.00%3.20%
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Implied discount rate:0.0%5.7%1.84%
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Calcs
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Calcs
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Year 1
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Baseline consumption500500500
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η121.59
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Baseline utility6.211.001.65
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Increase in consumption10.00%10.00%10.00%
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Endline consumption550550550
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Endline utility6.31.01.7
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Increase in utility9.53%0.02%0.24%
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Increase in consumption0.50%6.00%3.20%
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Year 2
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Baseline consumption502.5530516
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η121.59
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Baseline utility6.221.001.65
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Increase in consumption10.00%10.00%10.00%
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Endline consumption552.75583567.6
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Endline utility6.31.01.7
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Increase in utility9.53%0.02%0.23%
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Implied discount rate:0.00%5.66%1.84%
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Year 3
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Baseline consumption505.0125561.8532.512
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η121.59
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Baseline utility6.221.001.65
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Increase in consumption10.00%10.00%10.00%
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Endline consumption555.51375617.98585.7632
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Endline utility6.31.01.7
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Increase in utility9.53%0.02%0.23%
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Implied discount rate:0.00%5.66%1.84%
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