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Statements

Subject Item
n2:RIV%2F00216208%3A11620%2F13%3A10188888%21RIV14-MSM-11620___
rdf:type
skos:Concept n10:Vysledek
rdfs:seeAlso
http://nb.vse.cz/kfil/elogos/science/hudik13.pdf
dcterms:description
This paper provides an exposition of the standard model of economic choice, applying Popper's method of rational reconstruction. It emphasizes that the explanation of downward-sloping demand curve, which is the original explicandum of this model, does not entail explanation of choice as such. Two alternative variants of the model of are considered: one based on the notion of diminishing marginal utility and the other on the concept of ordinal utility. Each variant is understood as a tentative solution to a theoretical problem and clarifies why the former is replaced by the latter. It also shows how the latter relates to consumer preferences and choices and why choices remain unexplained by the model. This paper provides an exposition of the standard model of economic choice, applying Popper's method of rational reconstruction. It emphasizes that the explanation of downward-sloping demand curve, which is the original explicandum of this model, does not entail explanation of choice as such. Two alternative variants of the model of are considered: one based on the notion of diminishing marginal utility and the other on the concept of ordinal utility. Each variant is understood as a tentative solution to a theoretical problem and clarifies why the former is replaced by the latter. It also shows how the latter relates to consumer preferences and choices and why choices remain unexplained by the model.
dcterms:title
From Marginal Utility to Revealed Preference: Rational Reconstruction From Marginal Utility to Revealed Preference: Rational Reconstruction
skos:prefLabel
From Marginal Utility to Revealed Preference: Rational Reconstruction From Marginal Utility to Revealed Preference: Rational Reconstruction
skos:notation
RIV/00216208:11620/13:10188888!RIV14-MSM-11620___
n10:predkladatel
n19:orjk%3A11620
n3:aktivita
n7:I
n3:aktivity
I
n3:cisloPeriodika
4
n3:dodaniDat
n18:2014
n3:domaciTvurceVysledku
n17:2802562
n3:druhVysledku
n9:J
n3:duvernostUdaju
n16:S
n3:entitaPredkladatele
n14:predkladatel
n3:idSjednocenehoVysledku
75796
n3:idVysledku
RIV/00216208:11620/13:10188888
n3:jazykVysledku
n12:eng
n3:klicovaSlova
consumer theory; demand function; choice; preference; marginal utility; utility; rational reconstruction
n3:klicoveSlovo
n5:consumer%20theory n5:choice n5:preference n5:marginal%20utility n5:rational%20reconstruction n5:demand%20function n5:utility
n3:kodStatuVydavatele
CZ - Česká republika
n3:kontrolniKodProRIV
[2340BF27F8C0]
n3:nazevZdroje
E-Logos
n3:obor
n11:AA
n3:pocetDomacichTvurcuVysledku
1
n3:pocetTvurcuVysledku
1
n3:rokUplatneniVysledku
n18:2013
n3:svazekPeriodika
Neuveden
n3:tvurceVysledku
Hudík, Marek
s:issn
1211-0442
s:numberOfPages
17
n13:organizacniJednotka
11620