Learn how utility functions derive demand functions and their role in maximizing consumer satisfaction and economic decision making.

Most of ECON 302 is about maximizing expected utility/profit and figuring out the welfare implications of this maximization. The exact way in which the maximization is done varies according to the ...

We study utility maximization for power utility random fields with and without intermediate consumption in a general semimartingale model with closed portfolio constraints. We show that any optimal ...

Elementary economics tells us that a good decision is to maximize utility. Utility refers to how desirable a task or choice is for an individual. Maximizers are people who strive to get the very best ...