Read about the concept of utility in microeconomics, and learn why economists disagree about its usefulness in the analysis of actions.

4) To the extent certain activities now being performed by the utility may be performed by other market actors, what type of oversight should be in place to protect customer interests? 5) Many of the ...

A new type of risk aversion found only in multivariate utility functions is defined. Certain behavioral assumptions, which are necessary and sufficient for one of three forms of separable utility ...

Certainty equivalence (CE) and probability equivalence (PE) methods are the two most frequently used procedures for constructing von Neumann-Morgenstern utility functions. In this paper, we compare ...