Utility Maximization, Choice and Preference
Download or Read eBook Utility Maximization, Choice and Preference PDF written by Fuad Aleskerov and published by Springer Science & Business Media. This book was released on 2013-04-18 with total page 226 pages. Available in PDF, EPUB and Kindle.
| Author | : Fuad Aleskerov |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 226 |
| Release | : 2013-04-18 |
| ISBN-10 | : 9783662049921 |
| ISBN-13 | : 3662049929 |
| Rating | : 4/5 (21 Downloads) |
Book Synopsis Utility Maximization, Choice and Preference by : Fuad Aleskerov
Book excerpt: The utility maximization paradigm forms the basis of many economic, psychological, cognitive and behavioral models. However, numerous examples have revealed the deficiencies of the concept. This book helps to overcome those deficiencies by taking into account insensitivity of measurement threshold and context of choice. The second edition has been updated to include the most recent developments and a new chapter on classic and new results for infinite sets.
