Search for tag: "utility 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  

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