Utility function — critique Cover Image

Funkcja użyteczności — krytyka
Utility function — critique

Author(s): Przemysław Rapka
Subject(s): Socio-Economic Research
Published by: Wydawnictwo Uniwersytetu Wrocławskiego
Keywords: użyteczność; teoria wyboru; teoria wartości; metodologia;

Summary/Abstract: The utility function has long been the main tool used by many economists due to the mathematization of economics. Some textbooks on mathematical economics state that the application of mathematics in economics imposes greater rigor, precision, and transparency of assumptions, not significantly different from the non-mathematical method. When analyzing utility function, it can be noticed that its application influences the economic analysis by imposing certain behaviors on people and giving them a mechanical character, primarily by introducing a constant relationship between the goods or goals considered by the person. For this reason, it is almost impossible to take into account the real uncertainty in theoretical research, which overly mechanizes the description of decision-making and economic processes.

  • Issue Year: 27/2021
  • Issue No: 1
  • Page Range: 95-113
  • Page Count: 19
  • Language: Polish
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