New Methods of Measuring Marginal Utility

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Publisher :
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.X/5 ( download)

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Book Synopsis New Methods of Measuring Marginal Utility by : Ragnar Frisch

Download or read book New Methods of Measuring Marginal Utility written by Ragnar Frisch and published by . This book was released on 1978 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Measuring Utility

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Publisher : Oxford Studies in History of E
ISBN 13 : 0199372764
Total Pages : 345 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Measuring Utility by : Ivan Moscati

Download or read book Measuring Utility written by Ivan Moscati and published by Oxford Studies in History of E. This book was released on 2018-11-22 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Measuring Economic Welfare

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Publisher : Cambridge University Press
ISBN 13 : 0521248620
Total Pages : 201 pages
Book Rating : 4.5/5 (212 download)

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Book Synopsis Measuring Economic Welfare by : George W. McKenzie

Download or read book Measuring Economic Welfare written by George W. McKenzie and published by Cambridge University Press. This book was released on 1983-03-10 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professor McKenzie proposes and formulates a method composed of operational procedures designed to facilitate the evaluation of economic projects and policies. This method is discussed fully, illustrated by simple examples, and compared with alternative procedures. An outline of a computer program that enables readers to undertake their own calculations is included. In order to present the approach clearly, the author provides an exposition of the fundamental ideas and the main alternative approaches to the problem. These rely on various forms of index numbers and consumer surplus. However, as is well known, such measures are not capable of correctly ordering the various alternatives under consideration, except under highly unrealist assumptions. In this book the author suggests the abandonment of this traditional approach based on the concept of 'willingness-to-pay' or the conpensating variation. Instead, the measure that Samuelson has called the 'money-metric' should become the cornerstone of applied welfare economics.

History of Marginal Utility Theory

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Publisher : Princeton University Press
ISBN 13 : 1400877741
Total Pages : 271 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis History of Marginal Utility Theory by : Emil Kauder

Download or read book History of Marginal Utility Theory written by Emil Kauder and published by Princeton University Press. This book was released on 2015-12-08 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Additive and Polynomial Representations

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Publisher : Academic Press
ISBN 13 : 1483258300
Total Pages : 611 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Additive and Polynomial Representations by : David H. Krantz

Download or read book Additive and Polynomial Representations written by David H. Krantz and published by Academic Press. This book was released on 2014-05-12 with total page 611 pages. Available in PDF, EPUB and Kindle. Book excerpt: Additive and Polynomial Representations deals with major representation theorems in which the qualitative structure is reflected as some polynomial function of one or more numerical functions defined on the basic entities. Examples are additive expressions of a single measure (such as the probability of disjoint events being the sum of their probabilities), and additive expressions of two measures (such as the logarithm of momentum being the sum of log mass and log velocity terms). The book describes the three basic procedures of fundamental measurement as the mathematical pivot, as the utilization of constructive methods, and as a series of isomorphism theorems leading to consistent numerical solutions. The text also explains the counting of units in relation to an empirical relational structure which contains a concatenation operation. The book notes some special variants which arise in connection with relativity and thermodynamics. The text cites examples from physics and psychology for which additive conjoint measurement provides a possible method of fundamental measurement. The book will greatly benefit mathematicians, econometricians, and academicians in advanced mathematics or physics.

A Dynamic Approach to Economic Theory

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Publisher : Routledge
ISBN 13 : 1136927859
Total Pages : 194 pages
Book Rating : 4.1/5 (369 download)

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Book Synopsis A Dynamic Approach to Economic Theory by : Ragnar Frisch

Download or read book A Dynamic Approach to Economic Theory written by Ragnar Frisch and published by Routledge. This book was released on 2013-03 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains a set of notes prepared by Ragnar Frisch for a lecture series that he delivered at Yale University in 1930., complete with an introdutory essay from Olav Bjerkholt and Duo Qin placing the notes in their historical context.

Probability in Economics

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Publisher : Routledge
ISBN 13 : 1135084688
Total Pages : 213 pages
Book Rating : 4.1/5 (35 download)

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Book Synopsis Probability in Economics by : Omar Hamouda

Download or read book Probability in Economics written by Omar Hamouda and published by Routledge. This book was released on 2013-04-15 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: Notions of probability and uncertainty have been increasingly prominant in modern economics. This book considers the philosophical and practical difficulties inherent in integrating these concepts into realistic economic situations. It outlines and evaluates the major developments, indicating where further work is needed. This book addresses: * probability, utility and rationality within current economic thought and practice * concepts of ignorance and indeterminancy * experimental economics * econometrics, with particular reference inference and estimation.

The Chicago Tradition in Economics, 1892-1945

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Publisher : Taylor & Francis
ISBN 13 : 9780415254274
Total Pages : 436 pages
Book Rating : 4.2/5 (542 download)

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Book Synopsis The Chicago Tradition in Economics, 1892-1945 by : Ross B. Emmett

Download or read book The Chicago Tradition in Economics, 1892-1945 written by Ross B. Emmett and published by Taylor & Francis. This book was released on 2002 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Studies in the Methodology and Foundations of Science

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Publisher : Springer Science & Business Media
ISBN 13 : 940173173X
Total Pages : 481 pages
Book Rating : 4.4/5 (17 download)

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Book Synopsis Studies in the Methodology and Foundations of Science by : Patrick Suppes

Download or read book Studies in the Methodology and Foundations of Science written by Patrick Suppes and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: The twenty-three papers collected in tbis volume represent an important part of my published work up to the date of this volume. I have not arranged the paper chronologically, but under four main headings. Part I contains five papers on methodology concerned with models and measurement in the sciences. This part also contains the first paper I published, 'A Set of Independent Axioms for Extensive Quantities', in Portugaliae Mathematica in 1951. Part 11 also is concerned with methodology and ineludes six papers on probability and utility. It is not always easy to separate papers on probability and utility from papers on measurement, because of the elose connection between the two subjects, but Artieles 6 and 8, even though they have elose relations to measurement, seem more properly to belong in Part 11, because they are concerned with substantive questions about probability and utility. The last two parts are concerned with the foundations of physics and the foundations of psychology. I have used the term foundations rather than philosophy, because the papers are mainly concerned with specific axiomatic formulations for particular parts of physics or of psychology, and it seems to me that the termfoundations more appropriately describes such constructive axiomatic ventures. Part 111 contains four papers on the foundations of physics. The first paper deals with foundations of special relativity and the last three with the role ofprobability in quantum mechanics.

The Collected Scientific Papers of Paul A. Samuelson

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Publisher : MIT Press
ISBN 13 : 9780262190213
Total Pages : 794 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis The Collected Scientific Papers of Paul A. Samuelson by : Paul Anthony Samuelson

Download or read book The Collected Scientific Papers of Paul A. Samuelson written by Paul Anthony Samuelson and published by MIT Press. This book was released on 1966 with total page 794 pages. Available in PDF, EPUB and Kindle. Book excerpt: "It is a measure of Professor Samuelson's preeminence that the sheer scale of his work should be so much taken for granted," observes a reviewer in the Economist who goes on to note that "a cynic might add that it would have been better for Professor Samuelson to write less merely to give others a chance to write at all." These volumes contain virtually all of Professor Paul A. Samuelson's contributions to economic theory through mid-1964 - a total of 129 papers. Included are his classic articles on such topics as revealed preference, factor-price equalization, and public goods; as well as some articles which until now have only been privately circulated or "buried" in Festschriften, such as "Market Mechanisms and Maximization" and "The Structure of a Minimum Equilibrium System." The articles have been grouped together into five books, compiled in two volumes. The books, in turn have been divided into sections, each of which contains articles on the same or closely related topics. Within the sections the articles are arranged chronologically. The graduate student and professional economist will welcome The Collected Scientific Papers of Paul A. Samuelson as a valuable addition to their libraries.

Cardinalism

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Publisher : Springer Science & Business Media
ISBN 13 : 9401108889
Total Pages : 317 pages
Book Rating : 4.4/5 (11 download)

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Book Synopsis Cardinalism by : M. Allais

Download or read book Cardinalism written by M. Allais and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Models and Projections of Demand in Post-War Britain

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Publisher : Springer
ISBN 13 : 1489931139
Total Pages : 271 pages
Book Rating : 4.4/5 (899 download)

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Book Synopsis Models and Projections of Demand in Post-War Britain by : Angus Deaton

Download or read book Models and Projections of Demand in Post-War Britain written by Angus Deaton and published by Springer. This book was released on 2013-11-21 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first number of our earlier series, A Programme for Growth, carried a notice of forthcoming papers. Five were announced but eventually only four were published. The fifth, which was intended to deal with consumption functions, never appeared; now it takes its place as number one in the new series. It is not that ten years ago we had nothing to say on the subject of consumers' behaviour. The crude estimation method that I had used in my original (1954) paper on the linear expenditure system gave interesting and in many respects satisfactory results, some of which were published outside our series, for instance in Stone, Brown and ). With this method the parameter estimates changed Rowe ( 1964 very little after the first few iterations. Nevertheless they did change, and with the computing resources then at our disposal we failed to reach convergence. It was mainly for this reason that we decided to wait.

Handbook of Choice Modelling

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Publisher : Edward Elgar Publishing
ISBN 13 : 1800375638
Total Pages : 797 pages
Book Rating : 4.8/5 (3 download)

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Book Synopsis Handbook of Choice Modelling by : Stephane Hess

Download or read book Handbook of Choice Modelling written by Stephane Hess and published by Edward Elgar Publishing. This book was released on 2024-06-05 with total page 797 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thoroughly revised second edition Handbook provides an authoritative and in-depth overview of choice modelling, covering essential topics range from data collection through model specification and estimation to analysis and use of results. It aptly emphasises the broad relevance of choice modelling when applied to a multitude of fields, including but not limited to transport, marketing, health and environmental economics.

Inequalities During and After Transition in Central and Eastern Europe

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Publisher : Springer
ISBN 13 : 1137460989
Total Pages : 315 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Inequalities During and After Transition in Central and Eastern Europe by : Cristiano Perugini

Download or read book Inequalities During and After Transition in Central and Eastern Europe written by Cristiano Perugini and published by Springer. This book was released on 2015-07-28 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book deals with the key aspects of social and economic inequalities developed during the transition of the formerly planned European economies. Particular emphasis is given to the latest years available in order to consider the effects of the global crisis started in 2008-2009.

Progress In Decision, Utility And Risk Theory

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Publisher : Springer Science & Business Media
ISBN 13 : 9401131465
Total Pages : 356 pages
Book Rating : 4.4/5 (11 download)

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Book Synopsis Progress In Decision, Utility And Risk Theory by : Attila Chikán

Download or read book Progress In Decision, Utility And Risk Theory written by Attila Chikán and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume we present some of the papers delivered at FUR-IV - the Fourth International Conference on Founda tions and Applications of Utility, Risk and Decision Theory in Budapest, June 1988. The FUR Conferences have provided an appreciated forum every two years since 1982 within which scientists can report recent issues and prospective applications of decision theory, and exchange ideas about controversial questions of this field. Focal points of the presented papers are: expected utility versus alterna tive utility models, concepts of risk and uncertainty, developments of game theory, and investigations of real decision making behaviour under uncertainty and/or in risky situations. We hope that this sample of papers will appeal to a wide spectrum of readers who are interested in and fami liar with this interesting and exciting issues of decision theory. A wide range of theoretical and practical questions is considered in papers included in this volume, and many of them closely related to economics. In fact, there were two Nobel-Laureates in economics among the participants: I. Herbert A. Simon (1978) and Maurice Allais (1988), who won the prize just after the conference. His paper deals with problems of cardinal utility. After a concise overview of the history and theory of cardinal utility he gives an estimate of the invariant cardinal utility function for its whole domain of variation (i. e.

Econometrics

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Publisher : Psychology Press
ISBN 13 : 9780415321389
Total Pages : 280 pages
Book Rating : 4.3/5 (213 download)

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Book Synopsis Econometrics by : Jan Tinbergen

Download or read book Econometrics written by Jan Tinbergen and published by Psychology Press. This book was released on 2005 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1951, this volume reprints the classic work written by one of the leading global econometricians. Econometrics is structured as followed: Part 1 explains the relationship of Econometrics to Economics and Statistics. Part 2 outlines the process of formulating economic hypotheses mathematically and of subjecting them to a statistical test. Part 3 deals with the various component equations of the economic system - the psychic reactions, technical relations and reactions of business life and describes the process of setting up an economic model of the system as a whole. Part 4 llustrates the use of econometric methods for policy purposes

How Economics Should Be Done

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Publisher : Edward Elgar Publishing
ISBN 13 : 178643590X
Total Pages : pages
Book Rating : 4.7/5 (864 download)

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Book Synopsis How Economics Should Be Done by : David C. Colander

Download or read book How Economics Should Be Done written by David C. Colander and published by Edward Elgar Publishing. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: David Colander has been writing about economic methodology for over 30 years, but he goes out of his way to emphasize that he does not see himself as a methodologist. His pragmatic methodology is applicable to what economists are doing and attempts to answer questions that all economists face as they go about their work. The articles collected in this volume are divided, with the first part providing a framework underlying Colander’s methodology and introducing Colander’s methodology for economic policy within that framework. Part two presents Colander’s view on the methodology for microeconomics, while part three looks at Colander’s methodology for macroeconomics. The book closes with discussions of broader issues.