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This lecture describes what a utility function is, and how we can use it to understand marginal utility and a consumer's choices.

Expected utility Video for computing utility numerically https://www.youtube.com/watch?v=0K-u9dpRiUQ Utility and Risk ...

Keep going! Check out the next lesson and practice what you're learning: ...

Think about what restricts your choices when it comes to buying goods and services. Your income is one variable. Prices are ...

In this video I explain how to maximize utility given a Cobb-Douglas utility function and a budget constraint.

Hi guys, I have discussed four types of utility functions with their Indifference Curve and MRS ( Marginal Rate of Substitution) in ...

MathematicalEconomics #IITJAM #NetEconomics #GateEconomics ...

This video shows how to maximize utility subject to a budget constraint. Channel donations are much ...

For the entire course on intermediate microeconomics, see http://youtubedia.com/Courses/View/4.

MathematicalEconomics #IITJAM #NetEconomics #GateEconomics ...

A lot of our problems with AI seem to relate to its utility function. Why do we need one of those, anyway? Footage from The ...

This video is part of Consumer Theory.

This video examines 5 different utility functions, deriving their corresponding marginal utility functions and solving for the marginal ...

This video describes the iso-elastic utility function that is also called constant relative risk aversion (CRRA) utility function. I plot the ...

I show a trick for finding the Marginal Rate of Substitution function if you have a Cobb Douglas utility function. Works for MRTS ...

Let's solve a numerical example for marginal rate of substitution (MRS) for CES utility function. Join us for more by subscribing to ...

Learn more: http://www.policonomics.com/utility/ Versión en español: https://youtu.be/As2o3--275Y This video explains the very ...

Welcome to another insightful episode on Consumer Theory! In this video, we delve into the concept of Money Metric Utility ...

In this video, a consumer's utility function includes two goods and money.

When we talked about influence diagram we included in the influence diagram nodes that represent the agent's utility function and ...