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Description
| - This article shows that the possibility of formally incorporating reference-dependence into the theory of consumer behavior was explored well before Kahneman and Tversky in the early 1990s; specifically, in separate papers by Alt, Samuelson, and Bernardelli in the late 1930s. These papers emerged within a debate on the relationship between marginal utility and the ordinality/cardinality of utility. The present article identifies Alt's, Samuelson's, and Bernardelli's contributions and delineates the relationship between marginal utility and reference-dependence. It also discusses the reception of their ideas by other economists and suggests some reasons for their neglect.
- This article shows that the possibility of formally incorporating reference-dependence into the theory of consumer behavior was explored well before Kahneman and Tversky in the early 1990s; specifically, in separate papers by Alt, Samuelson, and Bernardelli in the late 1930s. These papers emerged within a debate on the relationship between marginal utility and the ordinality/cardinality of utility. The present article identifies Alt's, Samuelson's, and Bernardelli's contributions and delineates the relationship between marginal utility and reference-dependence. It also discusses the reception of their ideas by other economists and suggests some reasons for their neglect. (en)
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Title
| - Reference-Dependence and Marginal Utility: Alt, Samuelson, and Bernardelli
- Reference-Dependence and Marginal Utility: Alt, Samuelson, and Bernardelli (en)
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skos:prefLabel
| - Reference-Dependence and Marginal Utility: Alt, Samuelson, and Bernardelli
- Reference-Dependence and Marginal Utility: Alt, Samuelson, and Bernardelli (en)
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skos:notation
| - RIV/00216208:11620/14:10281998!RIV15-MSM-11620___
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http://linked.open...avai/riv/aktivita
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http://linked.open...avai/riv/aktivity
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http://linked.open...iv/cisloPeriodika
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http://linked.open...vai/riv/dodaniDat
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http://linked.open...aciTvurceVysledku
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http://linked.open.../riv/druhVysledku
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http://linked.open...iv/duvernostUdaju
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http://linked.open...titaPredkladatele
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http://linked.open...dnocenehoVysledku
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http://linked.open...ai/riv/idVysledku
| - RIV/00216208:11620/14:10281998
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http://linked.open...riv/jazykVysledku
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http://linked.open.../riv/klicovaSlova
| - Harro Bernardelli; Paul Samuelson; Franz Alt; cardinal utility; ordinal utility; marginal utility; reference-dependent utility (en)
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http://linked.open.../riv/klicoveSlovo
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http://linked.open...odStatuVydavatele
| - US - Spojené státy americké
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http://linked.open...ontrolniKodProRIV
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http://linked.open...i/riv/nazevZdroje
| - History of Political Economy
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http://linked.open...in/vavai/riv/obor
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http://linked.open...ichTvurcuVysledku
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http://linked.open...cetTvurcuVysledku
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http://linked.open...UplatneniVysledku
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http://linked.open...v/svazekPeriodika
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http://linked.open...iv/tvurceVysledku
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http://linked.open...ain/vavai/riv/wos
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issn
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number of pages
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http://bibframe.org/vocab/doi
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http://localhost/t...ganizacniJednotka
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