Indifference curves are a common sight in economics courses. They’re a foundational and helpful concept for economics students because they help economists easily depict people’s preferences. This can ...

Utility in economics refers to the level of happiness or satisfaction of individuals. Individuals derive utility from the consumption of goods and services, and seek to maximize their utility under ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

1. An indifference curve is defined as a set of bundles that a consumer with a given income can afford, and among which she or he is indifferent. 2. More is preferred to less means that if the total ...

You can show the preference of consumers for differing products though the use of indifference curves in Excel. The general data in Excel is formatted using an XY Scatter chart, and then the specific ...

This is a preview. Log in through your library . Abstract We study the exponential utility indifference valuation of a contingent claim B in an incomplete market driven by two Brownian motions. The ...

I. Complications in the comparison, 371.--II. Bilateral monopoly solutions with no income effects, 372.--III. Comparisons with competitive output, 378.--IV. Some ...