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2014 | OriginalPaper | Buchkapitel

2. Ordinal Utility and Preference Reversal Phenomenon

verfasst von : Professor Kazuhisa Takemura

Erschienen in: Behavioral Decision Theory

Verlag: Springer Japan

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Abstract

Chapter 1 described that decision-making phenomena are broadly divisible into those under certainty, those under risk, and others under uncertainty. This chapter first introduces the concept of utility used to explain such decision-making phenomena and briefly presents the idea of traditional ordinal utility theory.

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Metadaten
Titel
Ordinal Utility and Preference Reversal Phenomenon
verfasst von
Professor Kazuhisa Takemura
Copyright-Jahr
2014
Verlag
Springer Japan
DOI
https://doi.org/10.1007/978-4-431-54580-4_2

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