Search for tag: "utility maximization"

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Changing Lanes and Raising Utility duration 3 minutes 15 seconds Changing Lanes and Raising Utility Changing Lanes and Raising Utility	Changing Lanes and Raising Utility Changing Lanes and Raising Utility. This material in this video was adapted from "Principles of Economics" which is entrusted to the UNIVERSITY OF MINNESOTA LIBRARIES PUBLISHING EDITION,… changing lanes utility maximization utility lanes drivers coffee toll minutes decision occupancy budget behavior mr hour traffic cup vehicles goal explanation change premium loss From Richard Gosselin 0 likes 0 Creative Commmons License Attribution: CC BY
Ultimatum Game duration 4 minutes 28 seconds Ultimatum Game Ultimatum Game	Ultimatum Game The ultimatum game is explored to more fully examine the rationality assumption and the theory of utility maximization. It also takes a hard look at the issue of fairness and its role in economic… furthermore people money money. actions well economic participants utility ultimatum game proclamation utility maximization actors rational offer models monetary reason effects opportunity perceived traditional person amount behavior uncontroversial From Richard Gosselin 0 likes 0

duration 3 minutes 15 seconds

Changing Lanes and Raising Utility

Changing Lanes and Raising Utility. This material in this video was adapted from "Principles of Economics" which is entrusted to the UNIVERSITY OF MINNESOTA LIBRARIES PUBLISHING EDITION,…

From Richard Gosselin 0 likes 0

Creative Commmons License

Attribution: CC BY

Ultimatum Game

duration 4 minutes 28 seconds

Ultimatum Game

The ultimatum game is explored to more fully examine the rationality assumption and the theory of utility maximization. It also takes a hard look at the issue of fairness and its role in economic…

From Richard Gosselin 0 likes 0