Utility Maximization, Choice and Preference

Fuad Aleskerov, Denis Bouyssou and Bernard Monjardet

Post-Print from HAL

Abstract: 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.

Keywords: Choice; Biorder; Ferrers relation; Indifférence; Interval Order; Order; Preference; Semiorder; Threshold; Utility Maximization; Choix; ordre; ordre d'intervalle; semiordre; relation de Ferrers; seuil; utilité (search for similar items in EconPapers)
Date: 2007-04
References: Add references at CitEc
Citations: View citations in EconPapers (62)

Published in SPRINGER, pp.283, 2007, Studies in economic theory

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Book: Utility Maximization, Choice and Preference (2007)
Working Paper: Utility Maximization, Choice and Preference (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00197186

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().