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utility maximization

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  • Utility maximization problem — In microeconomics, the utility maximization problem is the problem consumers face: how should I spend my money in order to maximize my utility? Basic setupSuppose their consumption set, or the enumeration of all possible consumption bundles that… …   Wikipedia

  • Maximization — or maximisation can refer to: Maximization in the sense of exaggeration Entropy maximization Maximization (economics) Profit maximization Utility maximization problem Budget maximizing model Shareholder value maximization Optimization… …   Wikipedia

  • Utility — This article is about the economic concept. For other uses, see Utility (disambiguation). Part of a series on Utilitarianism …   Wikipedia

  • Maximization (economics) — Maximization is an economics theory, that refers to individuals or societies gaining the maximum amount out of the resources they have available to them.Fact|date=November 2007 The theory proposed by most economists is that maximization refers to …   Wikipedia

  • Expected utility hypothesis — In economics, game theory, and decision theory the expected utility hypothesis is a theory of utility in which betting preferences of people with regard to uncertain outcomes (gambles) are represented by a function of the payouts (whether in… …   Wikipedia

  • Indirect utility function — In economics, a consumer s indirect utility functionv(p, w) gives the consumer s maximal utility when faced with a price level p and an amount of income w. It represents the consumer s preferences over market conditions.This function is called… …   Wikipedia

  • Welfare economics — Economics …   Wikipedia

  • Neoclassical economics — Economics …   Wikipedia

  • Two-moment decision models — Mean variance analysis redirects here. For mean variance portfolio theory, see Modern portfolio theory or Mutual fund separation theorem. In decision theory, economics, and finance, a two moment decision model is a model that describes or… …   Wikipedia

  • Economics — This article is about the social science. For other uses, see Economics (disambiguation). For a topical guide to this subject, see Outline of economics. Economics …   Wikipedia

  • Labor theory of value — The labor theories of value (LTV) are theories in economics according to which the values of commodities are related to the labor needed to produce them.There are many different accounts of labor value, with the common element that the value of… …   Wikipedia

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