A rehabilitation of the law of diminishing marginal utility: an ordinal marginal utility approach

DOI10.1515/BEJTE-2020-0158MaRDI QIDQ2690352zbMATH OpenOpenAlexFDO

Authors Shi-Shu Peng, Chung-cheng Lin

Publication date 16 March 2023

Published in The B.E. Journal of Theoretical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1515/bejte-2020-0158

zbMATH Keywords

cardinal utilityordinal utilityordinal marginal utility theory

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16) Consumer behavior, demand theory (91B42)

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Cites work

• Determinateness of the Utility Function: Revisiting a Controversy of the Thirties
• Prospect Theory: An Analysis of Decision under Risk
• The framing of decisions and the psychology of choice

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