Arbeitspapier
Experimental test of utility maximization
The study tests the cardinal utility maximization hypothesis by an experimental procedure in a framework of utility scaling approach following the psychophysical-econometric paradigm, conceived in He (Psychophysical Interpretation for Utility Measures, 2011). It reveals (i) the utility maximization can be tested and has been supported by experimental results; (ii) the utility scaling approach following the psychophysical econometric paradigm offers a new foundation to discuss the utility concept; and (iii) it is necessary to distinguish the perception utility and emotion utility to respectively describe economic choices and enjoyment choices.
- Sprache
-
Englisch
- Erschienen in
-
Series: Economics Discussion Papers ; No. 2012-32
- Klassifikation
-
Wirtschaft
General Economics: General
Microeconomic Behavior: Underlying Principles
- Thema
-
utility maximization
experiment
Klein-Rubin utility function
perception utility
emotion utility
- Ereignis
-
Geistige Schöpfung
- (wer)
-
He, Yuqing
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- He, Yuqing
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2012
Ähnliche Objekte (12)
Experimental test of utility maximization
Utility Maximization and Duality
CRRA utility maximization under risk constraints
Recommendation based on multiproduct utility maximization
Forward-backward systems for expected utility maximization
Robust maximization of consumption with logarithmic utility
General Revealed Preference Tests of Weak Separability and Utility Maximization with Incomplete Adjustment
Robust utility maximization in a stochastic factor model
A Geometric Measure for the Violation of Utility Maximization
A Dynamic Utility Maximization Model for Product Category Consumption
A control approach to robust utility maximization with logarithmic utility and time-consistent penalties
Along but beyond mean-variance: Utility maximization in a semimartingale model
Experimental test of utility maximization
Utility Maximization and Duality
CRRA utility maximization under risk constraints
Recommendation based on multiproduct utility maximization
Forward-backward systems for expected utility maximization
Robust maximization of consumption with logarithmic utility
General Revealed Preference Tests of Weak Separability and Utility Maximization with Incomplete Adjustment
Robust utility maximization in a stochastic factor model
A Geometric Measure for the Violation of Utility Maximization
A Dynamic Utility Maximization Model for Product Category Consumption
A control approach to robust utility maximization with logarithmic utility and time-consistent penalties
Along but beyond mean-variance: Utility maximization in a semimartingale model
Experimental test of utility maximization
Utility Maximization and Duality
CRRA utility maximization under risk constraints
Recommendation based on multiproduct utility maximization
Forward-backward systems for expected utility maximization
Robust maximization of consumption with logarithmic utility
General Revealed Preference Tests of Weak Separability and Utility Maximization with Incomplete Adjustment
Robust utility maximization in a stochastic factor model
A Geometric Measure for the Violation of Utility Maximization
A Dynamic Utility Maximization Model for Product Category Consumption
A control approach to robust utility maximization with logarithmic utility and time-consistent penalties