utility function
101Behavioral economics — and its related area of study, behavioral finance, use social, cognitive and emotional factors in understanding the economic decisions of individuals and institutions performing economic functions, including consumers, borrowers and investors,… …
102Statistical inference — In statistics, statistical inference is the process of drawing conclusions from data that are subject to random variation, for example, observational errors or sampling variation.[1] More substantially, the terms statistical inference,… …
103Mean squared error — In statistics, the mean squared error (MSE) of an estimator is one of many ways to quantify the difference between values implied by a kernel density estimator and the true values of the quantity being estimated. MSE is a risk function,… …
104Decision theory — in economics, psychology, philosophy, mathematics, and statistics is concerned with identifying the values, uncertainties and other issues relevant in a given decision, its rationality, and the resulting optimal decision. It is closely related to …
105Theory of the firm — The theory of the firm consists of a number of economic theories that describe the nature of the firm, company, or corporation, including its existence, behavior, structure, and relationship to the market.[1] Contents 1 Overview 2 Background …
106Mutual fund separation theorem — In portfolio theory, a mutual fund separation theorem, mutual fund theorem, or separation theorem is a theorem stating that, under certain conditions, any investor s optimal portfolio can be constructed by holding each of certain mutual funds in… …
107Influence diagram — An influence diagram (ID) (also called a relevance diagram, decision diagram or a decision network) is a compact graphical and mathematical representation of a decision situation. It is a generalization of a Bayesian network, in which not only… …
108Ellsberg paradox — The Ellsberg paradox is a paradox in decision theory and experimental economics in which people s choices violate the expected utility hypothesis.Citation |last=Ellsberg|first=Daniel|authorlink=Daniel Ellsberg|journal=Quarterly Journal of… …
109Shephard's lemma — is a major result in microeconomics having applications in consumer choice and the theory of the firm. The lemma states that if indifference curves of the expenditure or cost function are convex, then the cost minimizing point of a given good (i) …
110Intelligent agent — In artificial intelligence, an intelligent agent (IA) is an entity which observes, reason and acts upon an environment (i.e. it is an agent) and directs its activity towards achieving goals (i.e. it is usualy software rational… …
