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Table of contents (7 chapters)
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Front Matter
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Back Matter
About this book
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.
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)
Authors and Affiliations
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Department of Mathematics for Economics, State University ‘Higher School of Economics’, Moscow, Russia
Fuad Aleskerov
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CNRS, LAMSADE, Paris Cedex 16, France
Denis Bouyssou
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Maison des Sciences Economiques, CERMSEM, Paris Cedex 13, France
Bernard Monjardet
Bibliographic Information
Book Title: Utility Maximization, Choice and Preference
Authors: Fuad Aleskerov, Denis Bouyssou, Bernard Monjardet
DOI: https://doi.org/10.1007/978-3-540-34183-3
Publisher: Springer Berlin, Heidelberg
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer-Verlag Berlin Heidelberg 2007
Hardcover ISBN: 978-3-540-34182-6Published: 20 July 2007
Softcover ISBN: 978-3-642-44734-1Published: 14 December 2014
eBook ISBN: 978-3-540-34183-3Published: 09 August 2007
Edition Number: 2
Number of Pages: XII, 283
Additional Information: Originally published as Volume 16 in the series: Studies in Economic Theory
Topics: Economics, general, Economic Theory/Quantitative Economics/Mathematical Methods, Game Theory, Economics, Social and Behav. Sciences