Floating utility criterion in a problem of optimal budget distribution

Ozhegov, Eugeniy: Floating utility criterion in a problem of optimal budget distribution. Proceedings of the Challenges for Analysis of the Economy, the Businesses, and Social Progress : International Scientific Conference Szeged, November 19-21, 2009. pp. 1376-1385. (2010)

[img] Cikk, tanulmány, mű
proceedings_of_the_challenges_for_analysis_1376-1385.pdf

Download (293kB)

Abstract

This paper contains the research of neuroeconomics results such as formulation and analysis of Ultimatum game (Sanfey et al. 2003) and neuromarketing (Renvoisé-Morin 2007). As a result the rational behavior of consumer during the decision-making of consume object prejudiced. In particular the axiom of reflexiveness of the rational utility theory was disproved. That axiom maintains that the fixed set of goods is not worse that itself. A conclusion that consumer choice based on the utility criterion depends not only on the set of goods but on the consume environment was made. The hypothesis of irrational behavior allowed to formalize floating utility criterion and correlation between the basket of products utility and consume environment during the consumer decision-making. Based on floating utility criterion the problem of optimal consumer’s budget distribution in conditions of integral utility maximization on limited time interval and consideration of the predicted environment factors value posed. Then the problem of intertemporal consumer choise for floating criterion was posed. The solution analysis of that problems had allowed to draw a conclusion of a significant influence of the predicted environment factors value exactness on an optimal solution and a dependence of that exactness on a consumer satisfaction.

Item Type: Article
Journal or Publication Title: Proceedings of the Challenges for Analysis of the Economy, the Businesses, and Social Progress : International Scientific Conference Szeged, November 19-21, 2009
Date: 2010
Page Range: pp. 1376-1385
ISBN: 978-963-06-9558-9
Uncontrolled Keywords: Hasznosság, Döntéshozatal, Optimalitás
Additional Information: Bibliogr.: 1385. p. ; összefoglalás angol nyelven
Date Deposited: 2019. May. 15. 12:32
Last Modified: 2019. May. 15. 12:32
URI: http://acta.bibl.u-szeged.hu/id/eprint/57877

Actions (login required)

View Item View Item