Handbook of Utility Theory: Handbook of Utility Theory Principles Volume 1

Handbook of Utility Theory: Handbook of Utility Theory Principles Volume 1

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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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Product details

  • Hardback | 684 pages
  • 154.94 x 233.68 x 43.18mm | 1,111.3g
  • Dordrecht, Netherlands
  • English
  • 1999 ed.
  • X, 684 p.
  • 0792381742
  • 9780792381747

Table of contents

1. Preference and Utility; G.B. Mehta. 2. Separability: A Survey; C. Blackorby, D. Primont, R.R. Russell. 3. Recursive Utility and Dynamic Programming; P.A. Streufert. 4. Dual Approaches to Utility; M. Browning. 5. Objective Expected Utility; P.J. Hammond. 6. Subjective Expected Utility; P.J. Hammond. 7. Stochastic Utility; P.C. Fishburn. 8. Fuzzy Utility; M. Salles. 9. Lexicographic Utility and Orderings; J.E. Martinez-Legaz. 10. Utility Theory and Ethics; P. Mongin, C. d'Aspremont. 11. Measures of Economic Welfare; M. Ahlheim. 12. Changing Utility Functions; H. Shefrin. 13. Causal Decision Theory; J.M. Joyce, A. Gibbard.
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Review quote

`... will be welcomed by anybody interested in the foundations and problems of utility theory... this is a very valuable handbook...'
Kyklos, 53:1 (2000)
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