Fixed points and variational principles with applications to capability theory of wellbeing via variational rationality (Q2346270): Difference between revisions

The authors of this paper claim to have provided here one of the first attempts to apply variational principles and techniques of variational analysis to adaptive dynamical models of behavioral sciences, and I agree. Some new results on variational analysis, namely a fixed-point theorem for parametric dynamic systems in quasimetric spaces and a variational principle for set-valued mappings acting from quasimetric spaces to vector spaces with variable ordering structures, are first provided, motivated by applications to adaptive dynamical aspects of Sen's (Nobel Prize in Economics, 1998) capability theory of wellbeing in welfare economics, and then used for developing new applications to human behavioral models by using a recent variational rationality approach to behavioral sciences due to the third author. Some topics of future research are sketched, too.