Decision theory and choices: a complexity approach

In economics agents are assumed to choose on the basis of rational calculations aimed at the maximization of their pleasure or profit. Formally, agents are said to manifest transitive and consistent preferences in attempting to maximize their utility in the presence of several constraints. They oper...

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Detalles Bibliográficos
Autores principales: Kirman, Alan, Faggini, Marisa, Vinci, Concetto Paolo
Lenguaje:eng
Publicado: Springer 2010
Materias:
Mathematical Physics and Mathematics
Acceso en línea:https://dx.doi.org/10.1007/978-88-470-1778-8
http://cds.cern.ch/record/2116670
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author Kirman, Alan
Faggini, Marisa
Vinci, Concetto Paolo
author_facet Kirman, Alan
Faggini, Marisa
Vinci, Concetto Paolo
author_sort Kirman, Alan
collection CERN
description In economics agents are assumed to choose on the basis of rational calculations aimed at the maximization of their pleasure or profit. Formally, agents are said to manifest transitive and consistent preferences in attempting to maximize their utility in the presence of several constraints. They operate according to the choice imperative: given a set of alternatives, choose the best. This imperative works well in a static and simplistic framework, but it may fail or vary when 'the best' is changing continuously. This approach has been questioned by a descriptive approach that springing from the
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institution Organización Europea para la Investigación Nuclear
language eng
publishDate 2010
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spelling cern-21166702021-04-21T19:56:33Zdoi:10.1007/978-88-470-1778-8http://cds.cern.ch/record/2116670engKirman, AlanFaggini, MarisaVinci, Concetto PaoloDecision theory and choices: a complexity approachMathematical Physics and MathematicsIn economics agents are assumed to choose on the basis of rational calculations aimed at the maximization of their pleasure or profit. Formally, agents are said to manifest transitive and consistent preferences in attempting to maximize their utility in the presence of several constraints. They operate according to the choice imperative: given a set of alternatives, choose the best. This imperative works well in a static and simplistic framework, but it may fail or vary when 'the best' is changing continuously. This approach has been questioned by a descriptive approach that springing from theSpringeroai:cds.cern.ch:21166702010
spellingShingle Mathematical Physics and Mathematics
Kirman, Alan
Faggini, Marisa
Vinci, Concetto Paolo
Decision theory and choices: a complexity approach
title Decision theory and choices: a complexity approach
title_full Decision theory and choices: a complexity approach
title_fullStr Decision theory and choices: a complexity approach
title_full_unstemmed Decision theory and choices: a complexity approach
title_short Decision theory and choices: a complexity approach
title_sort decision theory and choices: a complexity approach
topic Mathematical Physics and Mathematics
url https://dx.doi.org/10.1007/978-88-470-1778-8
http://cds.cern.ch/record/2116670
work_keys_str_mv AT kirmanalan decisiontheoryandchoicesacomplexityapproach
AT fagginimarisa decisiontheoryandchoicesacomplexityapproach
AT vinciconcettopaolo decisiontheoryandchoicesacomplexityapproach

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