Progressiveness of increase to utility from socioeconomic activities: ‘Barebones’ necessary conditions
Year: 2022
Type: article
Abstract: This study arrives at a representation for `utility from decision making' that is robust to modeling of any of `social interactions', `economic activities', or with social interactions interwoven with economic activities, modeling of `socioeconomic activities'. Hitherto such a utility representation has been lacking. Robustness of the new utility representation is evinced by the finding, to wit, `increases to utility' derive necessarily from `unraveling of the unawareness of a rational construct' for arrival at awareness of an hitherto unperceived rational action. Novelty of study outcomes is evident in the demand for modeling, not of gross utility, but rather `changes to utility'.
Author: Oghenovo A. Obrimah
Institution: Fisk University
Language: English
Subfield: General Decision Sciences
Field: Decision Sciences
Domain: Social Sciences
Open Access status: gold
Estimated APC paid: $500
OpenAlex ID: W4285301709