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existence of utility function

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Statistics and Probability

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  • Bracketing Utility

    Correspondências de palavras-chave:
    O Criador:

    Erfle, Stephen E.

    Descrição:

    Preferences are the primitive notion in consumer theory. Preferences exist. By contrast, utility is an artificial construct used by economists to represent the underlying primitive notion of preferences. Utility functions are a...

    Tipo:

    Article