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Handbook of Utility Theory - Volume 1: Principles (Hardcover, 1999 ed.)
Loot Price: R11,090
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Handbook of Utility Theory - Volume 1: Principles (Hardcover, 1999 ed.)
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The standard rationality hypothesis implies that behaviour can be
represented as the maximization of a suitably restricted utility
function. This hypothesis lies at the heart of a large body of
recent work in economics, of course, but also in political science,
ethics, and other major branches of social sciences. Though the
utility maximization hypothesis is venerable, it remains an area of
active research. Moreover, some fundamental conceptual problems
remain unresolved, or at best have resolutions that are too recent
to have achieved widespread understanding among social scientists.
The main purpose of the Handbook of Utility Theory is to make
recent developments in the area more accessible. The editors
selected a number of specific topics, and invited contributions
from researchers whose work had come to their attention. Therefore,
the list of topics and contributions is largely the editors'
responsibility. Each contributor's chapter has been refereed, and
revised according to the referees' remarks. This is the first
volume of a two volume set, with the second volume focusing on
extensions of utility theory.
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