utility function
91Marginal rate of substitution — In economics, the marginal rate of substitution is the rate at which a consumer is ready to give up one good in exchange for another good while maintaining the same level of utility. Contents 1 Marginal rate of substitution as the slope of… …
92River out of Eden — Infobox Book name = River out of Eden title orig = translator = image caption = author = Richard Dawkins illustrator = Lalla Ward cover artist = country = language = series = subject = Evolutionary biology genre = publisher = Basic Books release… …
93Info-gap decision theory — is a non probabilistic decision theory that seeks to optimize robustness to failure – or opportuneness for windfall – under severe uncertainty,[1][2] in particular applying sensitivity analysis of the stability radius type[3] to perturbations in… …
94Choice model simulation — Although the concept choice models is widely understood and practiced these days, it is often difficult to acquire hands on knowledge in simulating choice models. While many stat packages provide useful tools to simulate, researchers attempting… …
95Cumulative prospect theory — Daniel Kahneman Cumulative prospect theory (CPT) is a model for descriptive decisions under risk which was introduced by Amos Tversky and Daniel Kahneman in 1992 (Tversky, Kahneman, 1992). It is a further development and variant of prospect… …
96Rabin fairness — is a fairness model invented by Matthew Rabin. It goes beyond the standard assumptions in modeling behavior, rationality and self interest, to incorporate fairness. [Camerer, Colin Thaler, Richard H. 2003. In Honor of Matthew Rabin: Winner of the …
97Mathematical optimization — For other uses, see Optimization (disambiguation). The maximum of a paraboloid (red dot) In mathematics, computational science, or management science, mathematical optimization (alternatively, optimization or mathematical programming) refers to… …
98Cobb-Douglas — In economics, the Cobb Douglas functional form of production functions is widely used to represent the relationship of an output to inputs. It was proposed by Knut Wicksell (1851 1926), and tested against statistical evidence by Charles Cobb and… …
99Strict weak ordering — The 13 possible strict weak orderings on a set of three elements {a, b, c}. The only partially ordered sets are coloured, while totally ordered ones are in black. Two orderings are shown as connected by an edge if they differ by a single… …
100Corner solution — A corner solution is a special solution to an agent s maximization problem in which the quantity of one of the arguments in the maximized function is zero. The more usual solution will lie in the non zero interior at the point of tangency between …
