Utility Maximization, Choice and Preference

Author:   Fuad Aleskerov ,  Denis Bouyssou ,  Bernard Monjardet
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Edition:   2nd ed. 2007
ISBN:  

9783642447341


Pages:   283
Publication Date:   14 December 2014
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
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Utility Maximization, Choice and Preference


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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 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.

Full Product Details

Author:   Fuad Aleskerov ,  Denis Bouyssou ,  Bernard Monjardet
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Edition:   2nd ed. 2007
Dimensions:   Width: 15.50cm , Height: 1.60cm , Length: 23.50cm
Weight:   0.456kg
ISBN:  

9783642447341


ISBN 10:   3642447341
Pages:   283
Publication Date:   14 December 2014
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

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.

Reviews

From the reviews of the second edition: ""The book provides an excellent account of many aspects of the theory of preference, utility, and choice, in particular in the finite case. It provides valuable information for researchers as well as a sound basis for a graduate course … ."" (Douglas S. Bridges, Siam Review, Vol. 50 (3), 2008)


"From the reviews of the second edition: ""The book provides an excellent account of many aspects of the theory of preference, utility, and choice, in particular in the finite case. It provides valuable information for researchers as well as a sound basis for a graduate course … ."" (Douglas S. Bridges, Siam Review, Vol. 50 (3), 2008)"


From the reviews of the second edition: The book provides an excellent account of many aspects of the theory of preference, utility, and choice, in particular in the finite case. It provides valuable information for researchers as well as a sound basis for a graduate course ... . (Douglas S. Bridges, Siam Review, Vol. 50 (3), 2008)


From the reviews of the second edition: The book provides an excellent account of many aspects of the theory of preference, utility, and choice, in particular in the finite case. It provides valuable information for researchers as well as a sound basis for a graduate course ... . (Douglas S. Bridges, Siam Review, Vol. 50 (3), 2008)


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