Utility of Gains and Losses
Measurement-Theoretical and Experimental Approaches
Nonfiction, Health & Well Being, Psychology, Experimental Psychology
| Author: | R. Duncan Luce | ISBN: | 9781135662707 |
| Publisher: | Taylor and Francis | Publication: | April 4, 2014 |
| Imprint: | Psychology Press | Language: | English |
| Author: | R. Duncan Luce |
| ISBN: | 9781135662707 |
| Publisher: | Taylor and Francis |
| Publication: | April 4, 2014 |
| Imprint: | Psychology Press |
| Language: | English |
This new monograph presents Dr. Luce's current understanding of the behavioral properties people exhibit (or should exhibit) when they make selections among alternatives and how these properties lead to numerical representations of those preferences. It summarizes, and places in historical perspective, the research Dr. Luce has done on utility theory for over 10 years. Included are axiomatic theoretical formulations, experiments designed to test individual assumptions, and analyses of the fit to bodies of data of numerical representations derived from the theory.
This new monograph presents Dr. Luce's current understanding of the behavioral properties people exhibit (or should exhibit) when they make selections among alternatives and how these properties lead to numerical representations of those preferences. It summarizes, and places in historical perspective, the research Dr. Luce has done on utility theory for over 10 years. Included are axiomatic theoretical formulations, experiments designed to test individual assumptions, and analyses of the fit to bodies of data of numerical representations derived from the theory.
