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Author | : Ivan Moscati |
Publisher | : Oxford Studies in History of E |
Total Pages | : 345 |
Release | : 2018-11-22 |
Genre | : Business & Economics |
ISBN | : 0199372764 |
Download Measuring Utility Book in PDF, ePub and Kindle
Utility is a key concept in the economics of individual decision-making. However, utility is not measurable in a straightforward way. As a result, from the very beginning there has been debates about the meaning of utility as well as how to measure it. This book is an innovative investigation of how these arguments changed over time. Measuring Utility reconstructs economists' ideas and discussions about utility measurement from 1870 to 1985, as well as their attempts to measure utility empirically. The book brings into focus the interplay between the evolution of utility analysis, economists' ideas about utility measurement, and their conception of what measurement in general means. It also explores the relationships between the history of utility measurement in economics, the history of the measurement of sensations in psychology, and the history of measurement theory in general. Finally, the book discusses some methodological problems related to utility measurement, such as the epistemological status of the utility concept and its measures. The first part covers the period 1870-1910, and discusses the issue of utility measurement in the theories of Jevons, Menger, Walras and other early utility theorists. Part II deals with the emergence of the notions of ordinal and cardinal utility during the period 1900-1945, and discusses two early attempts to give an empirical content to the notion of utility. Part III focuses on the 1945-1955 debate on utility measurement that was originated by von Neumann and Morgenstern's expected utility theory (EUT). Part IV reconstructs the experimental attempts to measure the utility of money between 1950 and 1985 within the framework provided by EUT. This historical and epistemological overview provides keen insights into current debates about rational choice theory and behavioral economics in the theory of individual decision-making and the philosophy of economics.
Author | : United States. Federal Trade Commission |
Publisher | : |
Total Pages | : 1054 |
Release | : 1936 |
Genre | : Electric industries |
ISBN | : |
Download Utility Corporations Book in PDF, ePub and Kindle
Author | : Shimon Awerbuch |
Publisher | : Springer Science & Business Media |
Total Pages | : 407 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 1461561671 |
Download The Virtual Utility Book in PDF, ePub and Kindle
In the winter of 1996, after 4 years of planning and research, the Symposium on the Virtual Utility was held in Saratoga Springs, New York. It was sponsored by Niag ara Mohawk Power Corporation, Co-sponsored by CSC Index and the New York State Energy Research and Development Authority and hosted by Rensselaer Poly technic Institute, Troy, NY. The symposium sought to identify new areas of inquiry by presenting cutting-edge academic and practitioner research intended to further our understanding of the strategic, technologically-driven issues confronting the elec tricity production and distribution process. The program sought to offer new in sights into rapid changes in the utility industry, in part, by examining analogues from manufacturing and telecommunications. In addition to identifying new research areas, the symposium yielded a number of important findings and conclusions. This volume contains the presented papers of the meeting, the discussant reports and two special papers prepared by the meet ing rapporteurs who performed superbly in analyzing, synthesizing, explaining and generally bringing a cohesive perspective to the interesting yet complex set of ideas presented at this unique meeting. We would like to acknowledge the people and organizations that contributed to this effort. We thank Niagara Mohawk Power Corporation and Albert Budney, its President & Chief Operating Officer for sponsoring this project, and Andrew Vesey, Vice President, I whose vision, support and championing made this project possible.
Author | : Sukanto Bhattacharya |
Publisher | : Infinite Study |
Total Pages | : 134 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : 1931233853 |
Download Utility, Rationality and Beyond - From Finance to Informational Finance (Ph. D. Dissertation, Bond University) Book in PDF, ePub and Kindle
This work has been wholly adapted from the dissertation submitted by the author in 2004 to the Faculty of Information Technology, Bond University, Australia in fulfilment of the requirements for his doctoral qualification in Computational Finance.This work covers a substantial mosaic of related concepts in utility theory as applied to financial decision-making. The main body of the work is divided into four relevant chapters. The first chapter takes up the notion of resolvable risk i.e. systematic investment risk which may be attributed to actual market movements as against irresolvable risk which is primarily born out of the inherent imprecision associated with the information gleaned out of market data such as price, volume, open interest etc. A neutrosophic model of risk classification is proposed ? neutrosophic logic being a new branch of mathematical logic which allows for a three-way generalization of binary fuzzy logic by considering a third, neutral state in between the high and low states associated with binary logic circuits. A plausible application of the postulated model is proposed in reconciliation of price discrepancies in the long-term options market where the only source of resolvable risk is the long-term implied volatility. The chapter postulates that inherent imprecision in the way market information is subjectively processed by psycho-cognitive factors governing human decision-making actually contributes to the creation of heightened risk appraisals. Such heightened notions of perceived risk make investors predisposed in favor of safe investments even when pure economic reasoning may not entirely warrant such a choice. To deal with this information fusion problem a new combination rule has been proposed - the Dezert-Smarandache combination rule of paradoxist sources of evidence, which looks for the basic probability assignment or bpa denoted as m (.) = m1 (.) (+) m2 (.) that maximizes the joint entropy of the two information sources.
Author | : Jonathan Rosenblum |
Publisher | : Beacon Press |
Total Pages | : 226 |
Release | : 2017-02-07 |
Genre | : Business & Economics |
ISBN | : 0807098094 |
Download Beyond $15 Book in PDF, ePub and Kindle
The inside story of the first successful $15 minimum wage campaign that renewed a national labor movement With captivating narrative and insightful commentary, labor organizer Jonathan Rosenblum reveals the inside story of the first successful fight for a $15 minimum wage, which renewed a national labor movement through bold strategy and broad inclusiveness. Just outside Seattle, an unlikely alliance of Sea-Tac Airport workers, union and community activists, and clergy staged face-to-face confrontations with corporate leaders to unite a diverse, largely immigrant workforce in a struggle over power between airport workers and business and political elites. Digging deep into the root causes of poverty wages, Rosenblum gives a blunt assessment of the daunting problems facing unions today. Beyond $15 provides an inspirational blueprint for a powerful, all-inclusive labor movement and is a call for workers to reclaim their power in the new economy.
Author | : Roger Owen Friedland |
Publisher | : Transaction Publishers |
Total Pages | : 380 |
Release | : |
Genre | : Business & Economics |
ISBN | : 9780202364254 |
Download Beyond the Marketplace Book in PDF, ePub and Kindle
Beyond the Marketplace is an interdisciplinary view of the relationship between markets and society. Do individuals behave in markets as neoclassical theory assumes they do? Can other social institutions and processes--e.g., family formation and voting behavior--be analyzed with the same analytic tools we use to study markets? How is economic behavior shaped by institutions beyond the marketplace? Do markets themselves have a social and cultural structure which is not adequately explained by the formal tools of neoclassical analysis? In Beyond the Marketplace, economists, sociologists, political scientists, historians, and anthropologists respond to these, and related, questions.
Author | : Joseph Salyards |
Publisher | : BoD – Books on Demand |
Total Pages | : 313 |
Release | : 2023-10-17 |
Genre | : Fiction |
ISBN | : 3368838369 |
Download Idothea Book in PDF, ePub and Kindle
Reprint of the original, first published in 1874.
Author | : United States. Congress. House. Committee on Interstate and Foreign Commerce |
Publisher | : |
Total Pages | : 748 |
Release | : 1935 |
Genre | : Holding companies |
ISBN | : |
Download Public Utility Holding Companies Book in PDF, ePub and Kindle
Author | : United States. Congress. Senate. Committee on Interstate and Foreign Commerce |
Publisher | : |
Total Pages | : 514 |
Release | : 1956 |
Genre | : Electric utilities |
ISBN | : |
Download Amendments to Public Utility Holding Company Act, 1935 Book in PDF, ePub and Kindle
Considers legislation to exempt electric utilities involved in nuclear power development from SEC regulations.
Author | : Roger E Kasperson |
Publisher | : Taylor & Francis |
Total Pages | : 299 |
Release | : 2017-07-14 |
Genre | : Business & Economics |
ISBN | : 131735348X |
Download Risk Conundrums Book in PDF, ePub and Kindle
A risk conundrum can be viewed as a risk that poses major issues in assessment, and whose management is not easily engaged. Such perplexing problems can either paralyze or badly delay risk analysis and directions for progression. Rather than simply focusing on the progress in risk analysis that has already been made, it is crucial to consider what has been learnt about these seemingly unmanageable problems and how best to move forward. Risk Conundrums seeks to answer this question by bringing together a range of key thinkers in the field to explore key issues such as risk communication, uncertainty, social trust, indicators and metrics, and risk management, drawing upon case study examples including natural disasters, terrorism, and energy transitions. The initial chapters address risk conundrums, their properties, and the challenges they pose. The book then turns to a greater emphasis on systemic and regional risk conundrums. Finally, it considers how risk management can be changed to address these unsolvable conundrums. Alternative pathways are defined and scrutinized and predictions for future developments set out. This book will be of great interest to students and scholars of risk governance, environmental policy, and sustainable development.