Utility maximization, choice and preference
type: Item
instance of: scholarly article
title: Utility maximization, choice and preference
zbMATH Open document ID: 1010.91022
published in: Studies in Economic Theory
publication date: 2002-11-17T00:00:00Z
review text: This book represents an important scientific contribution not only in the domain of the knowledge concerning the economics, the immediate implications and applications. It is based on a strong multiple scientific cooperation, starting from that one between the authors and many other research workers in connect fields, indicated through the agency of a concise manner in the references. Thus, after a significant introduction in chapter 1, chapter 2 is devoted to the classical models used to describe the individual preferences over alternatives, the corresponding links and the equivalence between the classical utility maximization model for choice and the weak order pair-dominant choice model. In chapter 3 the authors show how the classical paradigm of binary comparison and optimization choice can be extended using an approximate insensitivity zone for the comparison of the utility values and for the choice. Chapter 4 deals with the utility maximization models in which the threshold function depends on both compared alternatives and the properties of the associated choice functions. In chapter 5 one studies the rationalizable choice functions by utility maximization when the threshold is context-dependent. Concluding remarks and guides to the literature are given in all the chapters 2-5. The last chapter summarizes the results and examines some open problems. Beside the references, the book contains a list of notations and symbols and the alphabetical index.
Mathematics Subject Classification ID: 91B16
Mathematics Subject Classification ID: 91-02
zbMATH DE Number: 1829987
zbMATH Keywords: utility
zbMATH Keywords: choice
zbMATH Keywords: preference
zbMATH Keywords: maximization
author: Fuad T. Aleskerov
author: Bernard Monjardet
reviewed by: Vasile Postolică
MaRDI profile type: Publication
description: scientific article; zbMATH DE number 1829987