Aktuální články z ekonomie


INQUIRY INTO HIGH SCHOOL STUDENTS’ UTILITY FUNCTION

Julius Janáček, Dan Šťastný

The economic science has for centuriesanchored its endeavor to understand decisionmakingpatterns of people in explicit or implicitassumptions of utility maximization. And yet,for most of that time the utility remained anempty box, devoid of any content. The termutility was a scholarly short-hand for whateverpeople want to achieve and remained vague fora reason: in recognition of the subjective natureof what human preference it was designedto accommodate just about anything, and itwas after all considered none of economists’business to speculate about its precise content.
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