Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10012606618
The paper deals with the different concepts of the human economic preferences in the point of view of the different … preferences theory, followed by the critical analysis of Samuelsson´s concept of the revealed preferences. Further the attention … is being paid to the Rothbard´s concept of the demonstrated preferences and unprecedented Becker´s concept of the stable …
Persistent link: https://www.econbiz.de/10009147143
The St Petersburg paradox could be used as an extreme demonstration of the utility function cardinalisation in case of stochastic utility. In this article we reassume the von Neumann and Mongernstern explanation to this paradox based on the risk aversion expressed by the strict concavity of the...
Persistent link: https://www.econbiz.de/10005036631
Persistent link: https://www.econbiz.de/10000768822
Persistent link: https://www.econbiz.de/10000692488
Persistent link: https://www.econbiz.de/10001937513
Persistent link: https://www.econbiz.de/10001075646