Description
Utility of Gains and Losses
Measurement-Theoretical and Experimental Approaches
Scientific Psychology Series
Author: Luce R. Duncan
Language: English
Subject for Utility of Gains and Losses:
Keywords
Joint Receipt; joint; Certainty Equivalent; receipt; Consequence Monotonicity; consequence; Mixed Gambles; monotonicity; General Segregation; certainty; Pest; equivalents; RDU; mixed; Event Commutativity; gambles; Weighting Functions; event; Additive Conjoint Measurement; commutativity; RDU Representation; Rank Dependence; General Gamble; SEU; Separable Representation; Holds; Psychometric Function; Negative Exponential; Selling Prices; Accounting Indifferences; Conjoint Structure; Reduction Invariance; Weak Monotonicity; Mixed Case; Event Inclusion
Publication date: 06-2014
Support: Print on demand
160.25 €
Subject to availability at the publisher.
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the print on demand of Luce R. Duncan
Publication date: 01-2000
Support: Print on demand
Description
/li>Contents
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/li>Biography
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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.
Contents: Preface. Introduction. Basic Assumptions. Binary Gambles of Gains. Joint Receipt of Gains. General Gambles of Gains. Additive Utility Over Mixed Consequences. Additive Value Over Mixed Consequences. Concluding Comments. Appendices: Summary of Notations. Basic Behavioral Assumptions. PEST Procedure. Additive Conjoint Measurement. Major Definitions.