Utility, games, and narratives

Guido Fioretti

MPRA Paper from University Library of Munich, Germany

Abstract: This paper provides a general overview of theories and tools to model individual and collective decision-making. In particular, stress is laid on the interaction of several decision-makers. A substantial part of this paper is devoted to utility maximization and its application to collective decision-making, Game Theory. However, the pitfalls of utility maximization are thoroughly discussed, and the radically alternative approach of viewing decision-making as constructing narratives is presented with its emerging computational tools.

Keywords: Interactions; Collective Decision-Making (search for similar items in EconPapers)
JEL-codes: C79 D79 (search for similar items in EconPapers)
Date: 2009-08-10
New Economics Papers: this item is included in nep-cbe, nep-gth, nep-hpe, nep-mic, nep-neu and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:16976

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