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Classical decision theory evaluates entire worlds, specified so as to include everything a decision-maker cares about. Thus applying decision theory requires performing computations far beyond an ordinary decision-maker's ability. In this book Paul Weirich explains how individuals can simplify and streamline their choices. He shows how different 'parts' of options (intrinsic, temporal, spatiotemporal, causal) are separable, so that we can know what difference one part makes to the value of an option, regardless of what happens in the other parts. He suggests that the primary value of options is found in basic intrinsic attitudes towards outcomes: desires, aversions, or indifferences. And using these two facts he argues that we need only compare small parts of the options we face in order to make a rational decision. This important book will interest readers in decision theory, economics, and the behavioral sciences.

Decision making --- Mathematical statistics --- Utility theory --- Decision making. --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management --- Management decisions --- Choice (Psychology) --- Problem solving

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Im Rahmen des Projekts "Duncker et Humblot reprints" heben wir Schätze aus dem Programm der ersten rund 150 Jahre unserer Verlagsgeschichte, von der Gründung 1798 bis zum Ende des Zweiten Weltkriegs 1945. Lange vergriffene Klassiker und Fundstücke aus den Bereichen Rechts- und Staatswissenschaften, Wirtschafts- und Sozialwissenschaften, Geschichte, Philosophie und Literaturwissenschaft werden nach langer Zeit wieder verfügbar gemacht.

Value --- Marginal utility. --- Diminishing marginal utility --- Final utility --- Utility, Final --- Utility, Marginal --- Utility theory --- Austrian school of economics --- Standard of value --- Cost --- Economics --- Exchange --- Wealth --- Prices --- Supply and demand --- History.

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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.

Utility theory. --- Consumers' preferences. --- Decision making. --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management --- Management decisions --- Choice (Psychology) --- Problem solving --- Brand preferences --- Choice (Economic theory) --- Choice of product --- Preferences, Consumers' --- Product choice --- Consumer behavior --- Consumers --- Revealed preference theory --- Demand (Economic theory) --- Value --- Decision making --- Attitudes --- Economics. --- Economic theory. --- Mathematics. --- Economics, general. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Game Theory, Economics, Social and Behav. Sciences. --- Math --- Science --- Economic theory --- Political economy --- Social sciences --- Economic man --- Management science. --- Game theory. --- Games, Theory of --- Theory of games --- Mathematical models --- Mathematics --- Quantitative business analysis --- Operations research --- Statistical decision --- Utility theory --- Consumers' preferences

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This Festschrift in honor ofChristian Seidl combines a group of prominent authors who are experts in areas like public economics, welfare economic, decision theory, and experimental economics in a unique volume. Christian Seidl who has edited together with Salvador Barber` a ` and Peter Hammond the Handbook of Utility Theory (appearing at Kluwer Academic Publishers/Springer Economics), has dedicated most of his research to utility and decision theory, social choice theory, welfare economics, and public economics. During the last decade, he has turned part of his attention to a research tool that is increasingly gaining in importance in economics: the laboratory experiment. This volume is an attempt to illuminate all facets of Christian Seidl’s ambitious research agenda by presenting a collection of both theoretical and expe- mental papers on Utility,Choice,andWelfare written by his closest friends, former students, and much valued colleagues. Christian Seidl was born on August 5, 1940, in Vienna, Austria. Beginning Winter term 1962/63, he studied Economics and Business Administration at the Vienna School of Economics (then “Hochschule fff¨ ur ¨ Welthandel”). 1966 he was awarded an MBA by the Vienna School of Economics and 1969 a doctoral degree in Economics. In October 1968 Christian became a research assistant at the Institute of Economics at the University of Vienna. 1973 he acquired his habilitation (right to teach) in Economics — supervised by Wilhelm Weber — from the Department of Law and Economics of the University of Vienna. He was awarded the Dr.

Finance, Public. --- Utility theory. --- Social choice. --- Welfare economics. --- Economic policy --- Economics --- Social policy --- Choice, Social --- Collective choice --- Public choice --- Choice (Psychology) --- Social psychology --- Welfare economics --- Demand (Economic theory) --- Value --- Revealed preference theory --- Cameralistics --- Public finance --- Currency question --- Finance [Public ] --- Utility theory --- Social choice --- Finance, Public --- 336.1 --- 336.1 Public finance, government finance in general --- Public finance, government finance in general --- Festschrift - Libri Amicorum --- Public finance. --- Operations research. --- Microeconomics. --- Economic theory. --- Public Economics. --- Operations Research/Decision Theory. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Economic theory --- Political economy --- Social sciences --- Economic man --- Price theory --- Operational analysis --- Operational research --- Industrial engineering --- Management science --- Research --- System theory --- Public finances --- Decision making. --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management --- Management decisions --- Problem solving --- Decision making

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The journal Reflets et perspectivesde la vie économique is dedicated to political economy in the broadest sense. It focuses on Belgium while including European and international perspectives. At the intersection between theory and reality, the journal aims to be both high quality and open to the more general public, from corporations to the worlds of academics, politics, government, and associations. This quarterly journal publishes a set of articles organized around a theme, as well as individual articles and book reviews.

Economics --- Économie politique --- Économie politique. --- Economics. --- Economic theory --- Political economy --- Économie politique --- Économie politique. --- Social sciences --- Economic man --- economics. --- Capital --- Conditions, Economic --- Consumption --- Cost of Living --- Easterlin Hypothesis --- Economic Conditions --- Economic Policies --- Economic Policy --- Economics, Home --- Home Economics --- Household Consumption --- Macroeconomic Factors --- Microeconomic Factors --- Policies, Economic --- Policy, Economic --- Production --- Remittances --- Utility Theory --- Consumer Price Index --- Condition, Economic --- Consumer Price Indices --- Consumption, Household --- Economic Condition --- Factor, Macroeconomic --- Factor, Microeconomic --- Factors, Macroeconomic --- Factors, Microeconomic --- Household Consumptions --- Hypothesis, Easterlin --- Index, Consumer Price --- Indices, Consumer Price --- Living Cost --- Living Costs --- Remittance --- Theories, Utility --- Theory, Utility --- Utility Theories --- Online periodicals --- Current periodicals