Copyright

Martin Osborne; Ariel Rubinstein

Published On

2020-03-27

Page Range

pp. 3-16

Print Length

13 pages

Preferences and utility

Chapter of: Models in Microeconomic Theory ('She' Edition)(pp. 3–16)
OUT OF PRINT
This chapter discusses a model of preferences over an arbitrary set of alternatives. We regard an individual’s preferences as a description of her mental attitude, outside the context of any choice. This chapter investigates an individual’s preference relation, a formal concept that describes her mental attitude to all relevant alternatives.