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'A utility function rationalizes preferences' - 'What aspects of preferences/utility are observable' - An 'increasing function' ...

So can you construct a utility function that represents these preferences that's a folded an exercise in the fold so all i have to do is ...

In this video I go over Expected Utility and how to calculate Expected Utility. I also talk about Expected Value and Expected Utility ...

This video on expected utility theory is part of the Decision making under risk and uncertainty playlist in Notes on Behavioural ...

This video on utility is part of the Economic foundations playlist in Notes on Behavioural Economics.

See Web book: https://daaronr.github.io/micro-giving-pub/index.html.

In this video I talk about why a commonly used function in Macro/Micro exhibits CRRA, or Constant Relative Risk Aversion. I take 2 ...

View the course webpage: https://pascalmichaillat.org/w/ View the course playlist: ...

In this quick video, we graph three utility functions to show the difference between: • Risk-averse preferences (concave utility) ...

... attacking here this this utility function idea that just like with anchoring your trilogy function change with time the final objection is ...

This video from Game Theory Online (http://www.game-theory-class.org) introduces the concept of a utility function and explains ...

This video is complementary to your lectures, rather than a substitute.

This video on axioms for expected utility theory is part of the Decision making under risk and uncertainty playlist in Notes on ...

This video is complementary to your lectures, rather than a substitute.

View the course webpage: https://pascalmichaillat.org/w/ View the course playlist: ...

Recall what is a utility function well a utility function maps from a state of the world to a number and this number represents the ...

Part 2 of the lecture on economical rational choice theories.

... on utility economists often use numbers to represent strength of preference this is done through utility functions a utility function ...

Now on an exam if i were to ask you to calculate expected utility i would have to tell you what utility function i'd want you to use i ...