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  • Search: subject:"Well-defined Individual Demand Function"
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Year of publication
Subject
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C2 Utility Function 1 Well-defined Individual Demand Function 1 Well-ordered Preference Relation 1 and Neuroeconomics 1
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Free 1
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Book / Working Paper 1
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Undetermined 1
Author
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Dominique, C-Rene 1
Institution
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Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München 1
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MPRA Paper 1
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RePEc 1
Showing 1 - 1 of 1
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SHOULD THE UTILITY FUNCTION BE DITCHED?
Dominique, C-Rene - Volkswirtschaftliche Fakultät, … - 2007
This note takes a retrospective look at the Utility Construct still in use in economic science and compares it to a new approach based on recent findings in neuroscience. The results show that it is more natural and more compelling to go from the preference order to the price vector. Thus making...
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