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Utility

Resources on marginal utility, utility curves, and the use of utility maximization in microeconomics.

Marginal Utility in Economics

Marginal Utility is a concept introduced very early in microeconomics. But what exactly is marginal utility and how do we use it?

Utility Curve

Definition and use of the term Utility Curve.

Log Utility

Definition and use of the term Log Utility.

Expected Utility

Definition and use of the term Expected Utility.

CES Utility

Definition and use of the term CES Utility.

von Neumann-Morgenstern Utility

Definition and use of the term von Neumann-Morgenstern Utility.

Indirect Utility Function

Definition and use of the term Indirect Utility Function.

Expected Utility Hypothesis

Definition and use of the term Expected Utility Hypothesis.

Exponential Utility Function

Definition and use of the term Exponential Utility Function.
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