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Questions tagged [functional-form]

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Ratio of two Jensen inequality

I have these pair of numbers $ (a, b) = (\frac{4}{9}, \frac{1}{9}) $ and $(c, d) = (\frac{1}{2}, \frac{1}{6}) $. (Number mean nothing, just for illustration and simplification) Note that - (a, b) are ...
Elina Gilbert's user avatar
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What does the empirical literature tell us about the relative merits of alternative functional forms describing the marginal utility of income?

Among the various functional forms that have been used on model the marginal utility of income in, e.g., in making decisions under uncertainty, and perhaps intertemporal choice as well, is the ...
andrewH's user avatar
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