Utility Maximization, Choice and Preference

• Main Authors: Aleskerov, Fuad (Author), Bouyssou, Denis (Author), Monjardet, Bernard (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2007.
• Edition: Second Edition.
• Subjects: Game theory.; Economics.; Management science.; Economic theory.; Economics, general.; Economic Theory/Quantitative Economics/Mathematical Methods.; Game Theory, Economics, Social and Behav. Sciences.

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...