Weber-Fechner's Law and Demand Function
| dc.creator | Shigemoto, K. | |
| dc.date | 2003-03-28 | |
| dc.date | 2003-06-02 | |
| dc.date.accessioned | 2026-07-07T05:48:59Z | |
| dc.date.available | 2026-07-07T05:48:59Z | |
| dc.description | We apply the Weber-Fechner's law, which represents the relation between the magnitude of physical stimulus and the magnitude of psychological sense in human being, to the utility function. We conclude that the utility function of n-types of goods is of separable type u(x_1,x_2,..., x_n)=u_1(x_1)+u_2(x_2)+... +u_n(x_n), which give the relation of the demand function in the form p_i=d u_i/d x_i. The explicit quantitative form of each utility function, which is suggested by the Weber-Fechner's law, becomes u_i(x_i)=A_i \log (x_i/x^{(0)}_i). Then we obtain each demand function in the familiar form p_i=A_i/x_i. | |
| dc.description | 6 pages | |
| dc.identifier | https://arxiv.org/abs/physics/0303118 | |
| dc.identifier | http://arxiv.org/abs/physics/0303118 | |
| dc.identifier | Tezukayama Academic Review, Vol.9, p.41-46, 2002 | |
| dc.identifier.uri | http://salesiana.dossiersoluciones.com/handle/123456789/85231 | |
| dc.subject | General Physics | |
| dc.title | Weber-Fechner's Law and Demand Function | |
| dc.type | text |