Utility Maximization, Choice and Preference

By F. Aleskerov, D. Bouyssou, B. Monjardet. 2002

208 citations recorded by the source corpus.

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.

Subfields: General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/2df951e60969d93c5b3482aa857e595a55c2a3ff

Citations in the corpus

• Preferences for multi-attributed alternatives: Traces, dominance, and numerical representations (2004, unknown): “For a detailed analysis of the role of traces in various domains of preference modelling we refer to Aleskerov and Monjardet (2002), Doignon et al. (1988), Laslier (1997), Monjardet (1978), Pirlot and Vincke (1997), Roubens and Vincke (1985).”