This work covers a substantial mosaic of related concepts in utility theory as applied to financial decision-making. It reviews some of the classical notions of Benthamite utility and the normative utility paradigm offered by the von Neumann-Morgenstern expected utility theory; exploring its major pitfalls before moving into what is postulated as an entropic notion of utility.
Year Manuscript Completed
Individual investors; Utility theory; Mathematical models; Financial institutions investments management
Primary Language of Manuscript
Recommended CitationSukanto Bhattacharya (2004) Utility, Rationality and Beyond: from Behavioral Finance to Informational Finance, PhD, ePublications@bond, School of Information Technology.
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