Non-Fiction Books:

Fuzzy Choice Functions

A Revealed Preference Approach
Click to share your rating 0 ratings (0.0/5.0 average) Thanks for your vote!
$263.99
RRP:
$371.95 save $107.96
Available from supplier

The item is brand new and in-stock with one of our preferred suppliers. The item will ship from a Mighty Ape warehouse within the timeframe shown.

Usually ships in 3-4 weeks

Buy Now, Pay Later with:

4 payments of $66.00 with Afterpay Learn more

Availability

Delivering to:

Estimated arrival:

  • Around 4-16 July using International Courier

Description

A main topic in welfare economics is the rational behaviour of a consumer when, faced with various prices and incomes, he has to make a choice. The theory of consumption establishes the framework in which the rationality of consumers is de?ned and the principle on which it is based. By [109], “the rationality of a consumer may be described by postulating that a consumer has a de?nite preference over all conceivable commodity bundles and that he chooses those commodity bundles that are optimal with respect to his preference subject to budgetary constraints”. Samuelson’s theory of revealed preference expresses the rationality of a consumer in terms of some preference relation associated with a demand fu- tion. The foundation of this theory is built on The Weak Axiom of Consumer Behavior [87] and on The Strong Axiom of Consumer Behavior [63]. The s- ond axiom assures that the demand function can be reconstructed from a revealed preference relation. To make a rational choice is a more general problem that goes beyond the theme of consumer. In economics, social life, medicine, psychology, etc. there are several cases when an agent has to make rational decisions. For instance, when the members of a society vote di?erent candidates in an election, a plausible hypothesis is that, having a desideratum, each of them is rational in the act of choice.
Release date Australia
April 26th, 2007
Audience
  • Professional & Vocational
Illustrations
IX, 279 p.
Pages
279
Dimensions
155x235x17
ISBN-13
9783540689973
Product ID
2495756

Customer reviews

Nobody has reviewed this product yet. You could be the first!

Write a Review

Marketplace listings

There are no Marketplace listings available for this product currently.
Already own it? Create a free listing and pay just 9% commission when it sells!

Sell Yours Here

Help & options

Filed under...