# Welfare computation

**URL:** <https://forum.dynare.org/t/welfare-computation/308>\
**Category:** Dynare help (legacy posts)\
**Created:** [12 April 2007 07:30 UTC](https://forum.dynare.org/t/welfare-computation/308 "2007-04-12T07:30:51Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![qixiang\_chn](https://forum.dynare.org/letter_avatar_proxy/v4/letter/q/779978/32.png) [@qixiang\_chn](https://forum.dynare.org/u/qixiang_chn)\
**Post date:** [12 April 2007 07:30 UTC](https://forum.dynare.org/t/welfare-computation/308/1 "2007-04-12T07:30:51Z")

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Hi,

Suppose U is my utility function, if I want to compute conditional expectation of utility, should I just create a new variable con\_util = U + bet\* U(+1), where bet is the subjective discount factor, and then just read the mean of con\_util from the results reported by dynare in a second order approximation?

Thanks.

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**Author:** ![MichelJuillard](https://forum.dynare.org/user_avatar/forum.dynare.org/micheljuillard/32/5318_2.png) [@MichelJuillard](https://forum.dynare.org/u/MichelJuillard)\
**Post date:** [21 April 2007 16:55 UTC](https://forum.dynare.org/t/welfare-computation/308/2 "2007-04-21T16:55:03Z")

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Yes, you can do that

Kind regards

Michel