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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.