utility-maximizing choice

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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

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

• Rational choice theory — This article is about a theory of economics. For Rational Choice Theory as applied to criminology, see Rational choice theory (criminology). Economics …   Wikipedia

• Discrete choice — In economics, discrete choice problems involve choices between two or more discrete alternatives, such as entering or not entering the labor market, or choosing between modes of transport. Such choices contrast with standard consumption models in …   Wikipedia

• Rational Choice Theory — An economic principle that assumes that individuals always make prudent and logical decisions that provide them with the greatest benefit or satisfaction and that are in their highest self interest. Most mainstream economic assumptions and… …   Investment dictionary

• Social choice theory — is a theoretical framework for measuring individual interests, values, or welfares as an aggregate towards collective decision. A non theoretical example of a collective decision is passing a set of laws under a constitution. Social choice theory …   Wikipedia

• Consumer choice — Economics …   Wikipedia

• Public choice theory — Public choice in economic theory is the use of modern economic tools to study problems that are traditionally in the province of political science. (A more general term is political economy , an earlier name for economics that evokes its… …   Wikipedia

• Microeconomics — The supply and demand model describes how prices vary as a result of a balance between product availability at each price (supply) and the desires of those with purchasing power at each price (demand). The graph depicts a right shift in demand… …   Wikipedia

• Economic anthropology — is a scholarly field that attempts to explain human economic behavior using the tools of both economics and anthropology. It is practiced by anthropologists and has a complex relationship with economics. There are three major paradigms within the …   Wikipedia