Utility Maximization, Choice and Preference

by Denis Bouyssou, Bernard Monjardet, Fuad Aleskerov

Book Overview

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...

• Format: Paperback
• Language: English
• ISBN: 3642447341
• ISBN13: 9783642447341
• Release Date: December 2014
• Publisher: Springer
• Length: 283 Pages
• Weight: 0.92 lbs.
• Dimensions: 0.6" x 6.1" x 9.2"