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Psychology Press Utility of Gains and Losses - Luce Behavioral Economics

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£171.99 £134.34 £142.55 £150.77 £158.98 £167.20 £175.41 23 July 2026 13 August 2026 03 September 2026 24 September 2026 15 October 2026
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Description

This monograph by Dr. Luce provides a comprehensive examination of how people make choices among alternatives and the numerical representations underlying those decisions. Drawing on over a decade of research in utility theory, the book combines axiomatic theoretical frameworks with empirical experiments designed to test foundational assumptions. It offers a systematic analysis of how behavioural properties in decision-making translate into measurable preference scales, placing contemporary findings within the historical context of utility theory development. The work integrates theoretical formulations with experimental validation, examining how numerical models fit observed data patterns across diverse choice scenarios. Ideal for researchers, economists and students studying preference representation, decision theory and the psychological foundations of economic behaviour.

Key Features

Axiomatic theoretical formulations grounded in over 10 years of utility theory research by Dr. Luce.

Experimental designs that test individual assumptions underlying preference and choice behaviour.

Numerical representations and models that translate behavioural properties into measurable utility scales.

Historical perspective on utility theory development and contemporary research contributions.

Empirical analysis examining how theoretical models fit to observed data in choice experiments.

Comprehensive treatment of how people make selections among alternatives in decision scenarios.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
01 December 1999
Listed Since
23 December 2006

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