Utility Maximization, Choice and Preference (Studies in Economic Theory)
Edition: 1 edition
Publisher: Springer
Published: August 26, 2002
Language: eng
Format: Hardcover
Number of pages: 223
ISBN-13: 9783540430896
Subjects: Behavioural theory (Behaviourism); Economic theory & philosophy; Game Theory; Operational research; Science/Mathematics; Economics - General; Economic Theory; Mathematical Economics; Business & Economics; Business / Economics / Finance; Operations Research; Economics - Theory; Business & Economics / Economics / Theory; Utility theory; Consumers' preferences; Decision making
First sentence: A classically rational individual is a maximizer: he chooses the best alternative according to some fixed utility function.