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Utility Maximization, Choice and Preference

Specificaties
Gebonden, 283 blz. | Engels
Springer Berlin Heidelberg | 2e druk, 2007
ISBN13: 9783540341826
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Juridisch :
Springer Berlin Heidelberg 2e druk, 2007 9783540341826
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Samenvatting

The utility maximization paradigm forms the basis of many economic, psychological, cognitive and behavioral models. Since it was first devised in the eighteenth century, numerous examples have revealed the deficiencies of the concept. This book makes a contribution to overcome those deficiencies by taking into account insensitivity of measurement threshold and context of choice. It covers classic theory as a special, context-free case and gives a systematic overview of new models of utility maximization within a context-dependent threshold as well as related preference and choice models. The second edition has been updated to include the most recent developments and a new chapter on classic and new results for infinite sets. The presented models will be helpful to scientists in economics, decision making theory, social choice theory, behavioral and cognitive sciences, and related fields.

Specificaties

ISBN13:9783540341826
Taal:Engels
Bindwijze:gebonden
Aantal pagina's:283
Uitgever:Springer Berlin Heidelberg
Druk:2

Inhoudsopgave

Preference, Utility, and Choice: Classic Models.- Utility Maximization Within a Constant Threshold or a Threshold Depending on One Alternative.- Utility Maximization Within a Threshold Depending on Both Compared Alternatives.- Utility Maximization Within a Context-dependent Threshold.- Numerical Representation of Binary Relations on Infinite Sets.- Conclusion.

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        Utility Maximization, Choice and Preference