From Marginal Utility to Revealed Preference: Rational Reconstruction

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11620%2F13%3A10188888" target="_blank" >RIV/00216208:11620/13:10188888 - isvavai.cz</a>

Result on the web

<a href="http://nb.vse.cz/kfil/elogos/science/hudik13.pdf" target="_blank" >http://nb.vse.cz/kfil/elogos/science/hudik13.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

From Marginal Utility to Revealed Preference: Rational Reconstruction

Original language 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.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AA - Philosophy and religion

OECD FORD branch

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Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2013

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

E-Logos

ISSN

1211-0442

e-ISSN

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Volume of the periodical

Neuveden

Issue of the periodical within the volume

4

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

17

Pages from-to

1-20

UT code for WoS article

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EID of the result in the Scopus database

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