The models of economic choice theory: a paradigm for non-economists
1975
- 442Usage
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Metrics Details
- Usage442
- Downloads265
- Abstract Views177
Article Description
The ultimate goal of social science is to explain individual and group behavior within given institutional constraints. In practice this means developing models which effectively describe and predict human behavior. Recent experience has shown a particular approach to modeling individual behavior to be especially useful. The approach in question has been developed by economists and consists of using the analytical structure of utility theory to focus attention on the determinants of individual choice and then analyzing the responsiveness of individual choices to changes in these determinants. The success of model building in this format is evidenced by the fact that a major portion of microeconomic theory is now known as choice theory.
Bibliographic Details
Graduate School of Business, University of Santa Clara
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