Cardinalism: A Fundamental ApproachM. Allais, O. Hagen Springer Science & Business Media, 6. 12. 2012 - Počet stran: 307 THE CONCEPTION OF THIS VOLUME This volume, Cardinalism, has been initiated by Ole Hagen, and is now published due to his perseverance and to Kluwer Academic Publishers. Because of various activities and duties, my contribution to the general conception of this volume has only been formal, and all the credit for it is due to Ole Hagen. I should also emphasize that the responsibility for the year's delay in the publishing of this volume is entirely mine, for two reasons. First of all, I have been involved in many works in very different fields. Second, the English translation of my 1943 contribution to the concept of cardinal utility took some time. The points of view the reader will find in this volume are often different and sometimes contradictory, but this can only increase the interest of its reading. In any case, this is not the editors' part to side with or against. Thus contributions to this volume are presented as they have been submit ted to the editors. Of course, this does not mean that they entirely agree with the analyses presented. MAURICE ALLAIS M. Allais and O. Hagen (eds.), Cardinalism, vii INTRODUCTION Everyone's conscious choices are assumed to reflect their preferences in different situations. For some purposes it serves the theorist's preference for simplicity to assume that a person's life style can be described by the values of some concrete variables, such as quantities of goods available. |
Obsah
1 | |
Chapter II | 18 |
MAURICE ALLAIS Determination of Cardinal Utility According | 30 |
History Empirical Findings | 65 |
Chapter IV | 100 |
OLE HAGEN The Short Step from Ordinal to Cardinal Utility | 209 |
MANFRED KRAFT and PETER WEISE A Cardinal Utility Approach to | 223 |
ROMAN KRZYSZTOFOWICZ Filtering Risk Effect in Standard | 233 |
Explanatory | 249 |
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1952 experiment 2-preferences absolute satisfaction affine transformation Allais analysis approximation assessed assume assumption axioms behaviour cardinal utility function certainty equivalents Chart choice condition considered consumer consumption corresponding deduced defined definition determined economic equilibrium equation estimate ex post utility existence expected utility model Fishburn Frisch given Hagen Harsanyi hypothesis implies income increase independent indifference indifference curves individual intrinsic invariant model introspection INVARIANT CARDINAL UTILITY Journal Krzysztofowicz linear linear transformation log-linear marginal Mathematical Maurice Maurice Allais maximization measurement method multiplicative model ordinal ordinalists outcomes parameters Pareto Petersburg paradox possible postulates preference relation probability properties prospect theory psychophysical quantities question René Roy represented risk attitude risk aversion risk effect risk function scale simple gambles social social welfare functions strength of preference Table Theorem Theory and Decision transformations utility concept utility model utility theory valid value function welfare function X/Uo