Utility trailers - UTILITY

UTILITY
... (1) In economics, utility means the real or fancied ability of a good or service ... is WELFARE FUNCTION (synonym: utility function--not to be confused with UTILITy FUNCTION in ...
Source: pespmc1.vub.ac.be

Intuitions about declining marginal utility
Intuitions about declining marginal utility. Joshua Greene. Princeton University. Jonathan Baron1. University of Pennsylvania. Abstract. In two studies, subjects judged the desirability of distributions of life expectancy or money. ... Their judgments showed declining marginal utility. That is, they were less sensitive to ...
Source: www.sas.upenn.edu