Utility Maximization, Choice and Preference

  • Fuad Aleskerov
  • Denis Bouyssou
  • Bernard Monjardet

About this book

Introduction

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 Order Preference Threshold Utility Maximization linear optimization sets

Authors and affiliations

  • Fuad Aleskerov
    • 1
  • Denis Bouyssou
    • 2
  • Bernard Monjardet
    • 3
  1. 1.Department of Mathematics for EconomicsState University ‘Higher School of Economics’MoscowRussia
  2. 2.CNRSLAMSADEParis Cedex 16France
  3. 3.Maison des Sciences EconomiquesCERMSEMParis Cedex 13France

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-540-34183-3
  • Copyright Information Springer-Verlag Berlin Heidelberg 2007
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-540-34182-6
  • Online ISBN 978-3-540-34183-3
  • About this book