Utility Maximization, Choice and Preference

Fuad Aleskerov

ISBN 10: 354034182X / ISBN 13: 9783540341826

Published by Springer Berlin Heidelberg, Springer Berlin Heidelberg, 2007

About this Item

Druck auf Anfrage Neuware - Printed after ordering - 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.

Seller Inventory # 9783540341826

Bibliographic Details

• Title: Utility Maximization, Choice and Preference
• Publisher: Springer Berlin Heidelberg, Springer Berlin Heidelberg
• Publication Date: 2007
• Language: English
• ISBN 10: 354034182X
• ISBN 13: 9783540341826
• Binding: Buch
• Edition: 2nd Edition
• Condition: Neu
• Dimensions: 241W x 160H x 21D millimeters 241 millimeters width by 160 millimeters height by 21 millimeters depth
• Weight: 612 grams

About this title

Synopsis

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.

Review

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)