Search for tag: "maximization"

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 on 06/23/2019 0 likes 0  

Consumer Choice - Utility Maximization Using the Basic Method

Consumer Choice - Utility Maximization Using the Basic Method. Image provided by OpenStax.

From  Richard Gosselin on 04/27/2019 0 likes 0  

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 on 03/29/2016 0 likes 0