This paper examines some of the consequences for economic theory of the replacement of binary personal preferences by … both much damage to existing theory and greater opportunity for providing formal explanations of such phenomena as … economic theory that is founded on a choice theory that is based exclusively on binary relational personal preferences. …

In economics, the prevailing framework to explain preferences under uncerta- inty is the Expected Utility theory …. Despite its widespread use, the Expected Utility theory is not free from problems. Experimental and empirical works shows that …, in real life, the choices of individuals among risky alternatives conflict with the axioms of the Expected Utility theory …

According to G. Becker, the expected utility model (EUM) is the most powerful social sciences can use. The main reason …

has been so far used in service science rather intuitively. Our approach is based on utility functions and conceptual … (potential) utility for their clients. This description can be used especially to organize a service portfolio in an enterprise …

also make a connection to the expenditure function through Fenchel duality theory and derive a duality result from Lemaire …

A method of small-area estimation with a utility function is developed. The utility characterises a policy planned to … applied composite and empirical Bayes estimators are inefficient for a wide range of asymmetric utility functions. Adaptations …

Rebelo (2006) preferences that nest the KPR and GHH utility functions and span the entire range of income effect that exists …