numerical utility
1Marginal utility — In economics, the marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumption of that good or service. Economists sometimes speak of a law of diminishing marginal utility, meaning that… …
2Ordinal utility — theory states that while the utility of a particular good or service cannot be measured using a numerical scale bearing economic meaning in and of itself, pairs of alternative bundles (combinations) of goods can be ordered such that one is… …
3Expected utility hypothesis — In economics, game theory, and decision theory the expected utility hypothesis is a theory of utility in which betting preferences of people with regard to uncertain outcomes (gambles) are represented by a function of the payouts (whether in… …
4Bayesian probability — Bayesian statistics Theory Bayesian probability Probability interpretations Bayes theorem Bayes rule · Bayes factor Bayesian inference Bayesian network Prior · Posterior · Likelihood …
5Contract theory — This article is about the economic analysis of contracts. For legal definitions and contract law, see Contract. For a less technical discussion of this topic, see Principal agent problem. In economics, contract theory studies how economic actors… …
6P3b — The P3b is a subcomponent of the P300, an event related potential (ERP) component that can be observed in human scalp recordings of brain electrical activity. The P3b is a positive going amplitude (usually relative to a reference behind the ear… …
7Weather forecasting — weather forecaster redirects here. For other uses, see Weatherman (disambiguation). Forecast of surface pressures five days into the future for the north Pacific, North America, and north Atlantic ocean. Weather forecasting is the application of… …
8Mathematical economics — Economics …
9Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …
10mathematics — /math euh mat iks/, n. 1. (used with a sing. v.) the systematic treatment of magnitude, relationships between figures and forms, and relations between quantities expressed symbolically. 2. (used with a sing. or pl. v.) mathematical procedures,… …
