Utility and all that PDF Download

Author: Sir Dennis Holme Robertson
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 206

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Author: Emil Kauder
Publisher: Princeton University Press
ISBN: 1400877741
Category : Business & Economics
Languages : en
Pages : 271

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The author blends historical narrative with a topical approach and discusses such aspects of the theory as measurement, total value, and imputation. Originally published in 1965. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Author: Michael A. Crew
Publisher: Springer
ISBN: 1349072958
Category : Social Science
Languages : en
Pages : 306

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Author: Ivan Moscati
Publisher:
ISBN: 0199372764
Category : Business & Economics
Languages : en
Pages : 345

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Utility is a key concept in the economics of individual decision-making. However, utility is not measurable in a straightforward way. As a result, from the very beginning there has been debates about the meaning of utility as well as how to measure it. This book is an innovative investigation of how these arguments changed over time. Measuring Utility reconstructs economists' ideas and discussions about utility measurement from 1870 to 1985, as well as their attempts to measure utility empirically. The book brings into focus the interplay between the evolution of utility analysis, economists' ideas about utility measurement, and their conception of what measurement in general means. It also explores the relationships between the history of utility measurement in economics, the history of the measurement of sensations in psychology, and the history of measurement theory in general. Finally, the book discusses some methodological problems related to utility measurement, such as the epistemological status of the utility concept and its measures. The first part covers the period 1870-1910, and discusses the issue of utility measurement in the theories of Jevons, Menger, Walras and other early utility theorists. Part II deals with the emergence of the notions of ordinal and cardinal utility during the period 1900-1945, and discusses two early attempts to give an empirical content to the notion of utility. Part III focuses on the 1945-1955 debate on utility measurement that was originated by von Neumann and Morgenstern's expected utility theory (EUT). Part IV reconstructs the experimental attempts to measure the utility of money between 1950 and 1985 within the framework provided by EUT. This historical and epistemological overview provides keen insights into current debates about rational choice theory and behavioral economics in the theory of individual decision-making and the philosophy of economics.

Author: Lowell Alt
Publisher: Lulu.com
ISBN: 1411689593
Category : Business & Economics
Languages : en
Pages : 151

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A Practical Guide to the Retail Rate Setting Process for Regulated Electric and Natural Gas Utilities. This book explains how the traditional rate-setting process is commonly done for energy utilities. This book includes a discussion of revenue requirement, rate base, cost of capital, expenses, revenues, rate-making objectives, cost of service studies, rate design, the rate case process, tariff policies, metering, service quality and other types of cases affecting rates. The book concludes with a numerical example showing the calculation steps from revenue requirement to rate design.

Author: Fuad Aleskerov
Publisher: Springer Science & Business Media
ISBN: 3662049929
Category : Business & Economics
Languages : en
Pages : 226

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Book Description
The utility maximization paradigm forms the basis of many economic, psychological, cognitive and behavioral models. However, numerous examples have revealed the deficiencies of the concept. This book helps to overcome those deficiencies by taking into account insensitivity of measurement threshold and context of choice. The second edition has been updated to include the most recent developments and a new chapter on classic and new results for infinite sets.

Author: John Eatwell
Publisher: Springer
ISBN: 1349205680
Category : Business & Economics
Languages : en
Pages : 330

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Book Description
This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on utility and probability.

Author: Od Michel Listenberger
Publisher: AuthorHouse
ISBN: 1434397580
Category : Nature
Languages : en
Pages : 302

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Book Description
Until the most unacceptable, primitive, massively bungled and rigged elections of 2007, which most observers agree was the worst and most shameful of its type anywhere, the world hardly realized that nowhere in sub-Saharan Africa have ordinary citizens been so disappointed, abused and severely traumatized by their leaders than in Nigeria. And nowhere in Nigeria are the people more brutalized, marginalized and oppressed by the leaders than in the Niger Delta. As we remember the human tragedy that was Rwanda and now glued to the sad and despicable images of Darfur, the world must also pause to see the riveting and equally disturbing images that are emerging from the Niger Delta. In the Creeks of Fire is the inside story of a people as they try to emancipate themselves from a terribly broken down Nigerian system. The people in the center of this struggle for justice and freedom have become simply known as the militants of the Niger Delta. The world cannot help but listen to their plight and the voices of those they are fighting for. The rippling effects of this struggle may touch you directly or indirectly wherever you live. And that's both the sad and powerful reality of humanity's inter-connectedness.

Author: Ward Edwards
Publisher: Springer Science & Business Media
ISBN: 9401129525
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
The Conference on "Utility: Theories, Measurements, and Applications" met at the Inn at Pasatiempo in Santa Cruz, California, from June II to 15, 1989. The all-star cast of attendees are listed as authors in the Table of Contents of this book (see p. V), except for Soo Hong Chew and Amos Tversky. The purpose of the conference, and of National Science Foundation Grant No. SES-8823012 that supported it, was to confront proponents of new generalized theories of utility with leading decision analysts com mitted to the implementation, in practice, of the more traditional theory that these new theories reject. That traditional model is variously iden tified in this book as expected utility or subjectively expected utility maximization (EU or SEU for short) and variously attributed to von Neumann and Morgenstern or Savage. I had feared that the conference might consist of an acrimonious debate between Olympian normative theorists uninterested in what people actually do and behavioral modelers obsessed with the cognitive illusions and uninterested in helping people to make wise decisions. I was entirely wrong. The conferees, in two dramatic straw votes at the open ing session, unanimously endorsed traditional SEU as the appropriate normative model and unanimously agreed that people don't act as that model requires. (These votes had a profound impact on my thinking; detail about them and about that impact is located in Chapter 10.

Author: P.C. Fishburn
Publisher: Springer Science & Business Media
ISBN: 9401733295
Category : Social Science
Languages : en
Pages : 181

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Book Description
This book offers a unified treatment of my research in the foundations of expected utility theory from around 1965 to 1980. While parts are new, the presentation draws heavily on published articles and a few chapters in my 1970 monograph on utility theory. The diverse notations and styles of the sources have of course been reconciled here, and their topics arranged in a logical sequence. The two parts of the book take their respective cues from the von Neumann-Morgenstern axiomatization of preferences between risky options and from Savage's foundational treatment of decision making under uncertainty. Both parts are studies in the axiomatics of preferences for decision situations and in numerical representations for preferences. Proofs of the representation and uniqueness theorems appear at the ends of the chapters so as not to impede the flow of the discussion. A few warnings on notation are in order. The numbers for theorems cited within a chapter have no prefix if they appear in that chapter, but otherwise carry a chapter prefix (Theorem 3.2 is Theorem 2 in Chapter 3). All lower case Greek letters refer to numbers in the closed interval from o to 1. The same symbol in different chapters has essentially the same meaning with one major exception: x, y, ... mean quite different things in different chapters. I am indebted to many people for their help and encouragement.