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econ.GN2020
Sustainability and Fairness Simulations Based on Decision-Making Model of Utility Function and Norm Function
Takeshi Kato, Yasuyuki Kudo, Junichi Miyakoshi +6
We introduced a decision-making model based on value functions that included individualistic utility function and socio-constructivistic norm function and proposed a norm-fostering…
econ.GN2020
Rational Choice Hypothesis as X-point of Utility Function and Norm Function
Takeshi Kato, Yasuyuki Kudo, Junichi Miyakoshi +5
Towards the realization of a sustainable, fair and inclusive society, we proposed a novel decision-making model that incorporates social norms in a rational choice model from the s…