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9783540430896

Utility Maximization, Choice and Preference

by ;
  • ISBN13:

    9783540430896

  • ISBN10:

    354043089X

  • Format: Hardcover
  • Copyright: 2002-12-01
  • Publisher: Springer Verlag
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Summary

"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."--BOOK JACKET.

Table of Contents

Introductionp. 1
Preference, Utility, and Choice: Classic Modelsp. 17
Utility Maximization Within a Constant Threshold or a Threshold Depending on One Alternativep. 53
Utility Maximization Within a Threshold Depending on Both Compared Alternativesp. 113
Utility Maximization Within a Context-dependent Thresholdp. 145
Numerical Representation of Binary Relations on Infinite Setsp. 197
Conclusionp. 245
Table of Contents provided by Blackwell. All Rights Reserved.

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