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Utility Maximization, Choice and Preference
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Utility Maximization, Choice and Preference

2nd ed. 2007

Book Details

Format Paperback / Softback
ISBN-10 3642447341
ISBN-13 9783642447341
Edition 2nd ed. 2007
Publisher Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Country of Manufacture DE
Country of Publication GB
Publication Date Dec 14th, 2014
Print length 283 Pages
Ksh 16,200.00
Werezi Extended Catalogue 0 in stock

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The utility maximization paradigm forms the basis of many economic, psychological, cognitive and behavioral models. 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 utility maximization paradigm forms the basis of many economic, psychological, cognitive and behavioral models. However, numerous examples have revealed the deficiencies of the concept. This book helps to overcome those deficiencies by taking into account insensitivity of measurement threshold and context of choice. The second edition has been updated to include the most recent developments and a new chapter on classic and new results for infinite sets.


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