Added comment on utility.

finmath · Oct 20, 2023 · 5312fb2 · 5312fb2
1 parent 2807ebe
commit 5312fb2
Showing 1 changed file with 1 addition and 0 deletions.
diff --git a/src/main/java/net/finmath/climate/models/dice/DICEModel.java b/src/main/java/net/finmath/climate/models/dice/DICEModel.java
@@ -268,6 +268,7 @@ private void init(Map<String, Object> modelProperties) {
 			 */
 			double alpha = 1.45;           // Elasticity of marginal utility of consumption (GAMS elasmu)
 			double C = consumption;
+			// U = L * [ ( (1000*C/L)^(1-alpha) - 1)/(1-alpha) - 1 ]
 			double utility = population[timeIndex]*( (Math.pow(1000*C/(population[timeIndex]),1-alpha)-1) /(1-alpha)-1 );
 
 			/*