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 ...
M. Yamashita, "Optimal Investment Strategy for Kinked Utility Maximization: Covered Call Option Strategy," Journal of Mathematical Finance, Vol. 4 No. 2, 2014, pp. 55-74. doi: 10.4236/jmf.2014.42006.
Abstract: Classic network utility maximization (NUM) problems are usually solved assuming all information is available, implying that information not locally available is always truthfully reported.
Abstract: In this paper, we present two completely uncoupled algorithms for utility maximization. In the first part, we present an algorithm that can be applied for general non-concave utilities. We ...
Learn how utility functions derive demand functions and their role in maximizing consumer satisfaction and economic decision making.
Copyright © 2014 Miwaka Yamashita. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use ...
Rationality is usually defined in terms of expected utility maximization. This paper argues for defining it in terms of conditional expected utility maximization by showing this conception's superior ...
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