Psychophysical Interpretation for Utility Measures
نویسندگان
چکیده
منابع مشابه
Psychophysical Interpretation for Utility Measures
The paper explores utility measures by combining experiments with mathematical derivations in the psychophysics paradigm. The analysis on the ultimatum game experiment reveals evidences for the utility threshold and thus supports Bernoulli’s utility logarithmic law. Both experimental results and theoretical derivations show that the logarithmic law is suitable for the description of commodity c...
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ژورنال
عنوان ژورنال: Economics
سال: 2012
ISSN: 1864-6042
DOI: 10.5018/economics-ejournal.ja.2012-29