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Emilio Barucci and Claudio Fontana
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Emilio Barucci: Politecnico di Milano
Claudio Fontana: Université Paris Diderot (Paris 7)

Chapter Chapter 1 in Financial Markets Theory, 2017, pp 1-14 from Springer

Abstract: Abstract This chapter briefly reviews the fundamentals of decision making in a certain environment. Starting from a discussion of preference relations, the agent’s utility maximization problem is introduced and the concepts of general equilibrium, Pareto optimality and aggregation are explained.

Keywords: Utility Function; Preference Relation; Equilibrium Price; Pareto Optimality; Social Welfare Function (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprfcp:978-1-4471-7322-9_1

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DOI: 10.1007/978-1-4471-7322-9_1

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