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  • EJBO : Electronic Journal of Business Ethics and Organizational Studies
  • 2004, Vol. 9
  • EJBO : 2004, Vol. 9, No. 2
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JYX > Lehdet > EJBO : Electronic Journal of Business Ethics and Organizational Studies > 2004, Vol. 9 > EJBO : 2004, Vol. 9, No. 2 > View Item

The utility function and the emotional well-being function

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Parada Daza, J. R. (2004). The utility function and the emotional well-being function. EJBO - Electronic Journal of Business Ethics and Organization Studies, Vol. 9  (2).  Retrieved from http://ejbo.jyu.fi
Published in
EJBO - Electronic Journal of Business Ethics and Organization Studies
Authors
Parada Daza, Jose Rigoberto
Date
2004

 
Behind the utility function, which is the basis for economic and finance theory, is a philosophical and ethical approach based essentially on the Utilitarian and Hedonistic schools. Once qualitative, the utility function’s approach shifted to a quantitative one based on the work of the mathematician, D. Bernoulli. This quantitative approach is normative and based on a maximizing agent. In this paper, the “emotional well-being” function is developed which mixes the ethics of a rational economic individual with those of a more complete individual who is simultaneously conditioned by economic, instinctive, social, religious, ethical, and esthetic values. This new utility function of emotional well-being is shown to remain within the envelope function of the Bernoulli-type utility function.
Publisher
Business and Organization Ethics Network (BON)
ISSN Search the Publication Forum
1239-2685
Keywords
utilitarianism utility function rationality well-being ethics emotional well-being utilitarismi rationalismi hyvinvointi henkinen hyvinvointi

Original source
http://ejbo.jyu.fi

URI

http://urn.fi/URN:NBN:fi:jyu-201010042876

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