J 2016

LIMITS OF NEOCLASSICAL UTILITY THEORY AND SOME POSSIBLE WAYS HOW TO OVERCOME THEM

VALENČÍK, Radim a Petr WAWROSZ

Základní údaje

Originální název

LIMITS OF NEOCLASSICAL UTILITY THEORY AND SOME POSSIBLE WAYS HOW TO OVERCOME THEM

Autoři

VALENČÍK, Radim (203 Česká republika, domácí) a Petr WAWROSZ (203 Česká republika, domácí)

Vydání

Economy & Business, Burgas, Bulgaria, International Scientific Publications, 2016, 1314-7242

Další údaje

Jazyk

angličtina

Typ výsledku

Článek v odborném periodiku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Bulharsko

Utajení

není předmětem státního či obchodního tajemství

Kód RIV

RIV/04274644:_____/16:#0000127

Organizační jednotka

Vysoká škola finanční a správní

Klíčová slova anglicky

utility; consumption; investment; imagination capital; utility maximization

Štítky

Změněno: 20. 4. 2017 07:53, Ing. Dominika Moravcová

Anotace

V originále

The article discusses some limits of the neoclassical utility theory and it offers certain possible ways of overcoming them. Our aim is not to create an absolutely new utility theory but to show possible extensions of the existing ones and to highlight productive aspects of consumption. In an attempt to overcome the limits of the neoclassical utility theory, we briefly review the previous attempts and subsequently we emphasize the fact that experience is created based on previous perception and that the synthesis of previous perception, beliefs and attitudes fulfils a double role: on one hand, it substantially increases the motivation to own goods or to perform certain activities as intermediary factors, and, on the other hand, it disconnects current activities of a human being from their original targets. We also discuss how human experience accumulates over time and how it affects both total and marginal utility.