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Please use this identifier to cite or link to this item: http://ir.ncue.edu.tw/ir/handle/987654321/19969

Title: DOMINANT-STATE THINKING AND STATE-DEPENDENT PREFERENCES
Authors: Chen, Chunyuan
Contributors: 彰化師範大學企業管理學系
Keywords: Thinking;Preferences;Dominant state;Dominant event;Dominated state
Date: 2015
Issue Date: 2017-04-24T10:06:50Z
Abstract: In this study, dominant-state thinking was represented in the form of a dominant state or a dominant event as an individual may perceive, and issues related to state-dependent preferences with dominant-state thinking were addressed accordingly. With a dominant state or a dominant event existing in the partial information possessed by an individual, the axion of continuity, indispensable to the establishment of the expected-utility maximization theorem, may not hold in the presence of discontinuity in the individual`s state-dependent preferences with dominant-state thinking. As presented in the study, the representations of the dominant states and the states contained in the dominant events as null states may tackle not merely the problem of discontinuity in an individual`s state-dependent preferences with dominant-state thinking, but also the necessity of extremely high utility levels associated with a dominant state or a state contained in a dominant event. However, to present more appropriate representations of state-depentend preferences with dominant-state thinking within various contexts , research attention may be directed as well to issues related to the posterior state-depentend preferences of an individual and his further choice in the culmination of a dominated event, given his choice made under his prior state-depentend preferences with dominant-state thinking.
Relation: Review of Global Management and Service Science, 5: 8-17
Appears in Collections:[全球管理暨服務科學評論] 第五卷

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