A Psychologically Plausible Goal-Based Utility Function
نویسندگان
چکیده
منابع مشابه
A Psychologically Plausible Goal-Based Utility Function
Utility is a concept that is central to economics, finance, and decision theory. In the informing sciences, it also plays a central role: that of explaining the client’s motivation to be informed. Unfortunately, existing economic models of utility are plagued by many anomalies when applied to individual clients and also fail to incorporate many important features that are relevant to informing ...
متن کاملA Comment on ‘A Psychologically Plausible Goal-Based Utility Function’
Gill advocated using goal-based utility functions versus the standard commodity-based neoclassical utility function. He argued that a goal-based utility function would resolve many observed inconsistencies between what economics predicts and the behavior observed in psychological experiments. To support Gill’s argument, this paper focuses on the standard extension of neoclassical utility to gam...
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ژورنال
عنوان ژورنال: Informing Science: The International Journal of an Emerging Transdiscipline
سال: 2008
ISSN: 1547-9684,1521-4672
DOI: 10.28945/447